1.What is the break even quantity for the product? What is the break even revenue? Show your calculations. Assume that you will be selling the product primarily through a retailer.

2.Given your market potential and break even calculations, do you believe that moving forward with bringing the product to market is a good decision? Explain.

3.You've always dreamed of making your first million dollars. Calculate the number of units you need to sell to make $1,000,000 in profit.

Stretch Question

4.Imagine that you've been offered deals by two of the Piranhas. One piranha, named Mark Dominican, offers you an investment of $100,000 in exchange for 20% ownership of your company. Another piranha, named Daymond Jim, has offered you $100,000 in exchange for a $1 royalty paid to him for each unit sold for the life of the product.

Which offer would you choose? Explain.

Did your market potential and break-even calculations influence this decision? Explain why or why not.