13 marks) a) Briefly explain three (3) purpose of a break-even analysis. b) An automotive manufacturing company has developed a new customized GPS device for one model of their car. The management of the company require a volume-profit analysis to plan for the implementation of the device into one model of the vehicle in the first phase of the project. Management wants reasonable guarantee of success. Variable costs are estimated at $24 per unit produced and sold. Annual Fixed costs is estimated at $45,000 per year. What would be the product's total expected profit or loss in the first year if the forecasted sale for the first year is 4,000 units at a mark price of $30 USD per unit? 16 marks Graphically determine the number of units that must be produced and sold to break even 112 marks] Explain your results in parts (1) and (ii) above. 14 marks 1. 11