3. (Break-even point and selling price) Specialty Steel, Inc. will manufacture and sell 210,000 units next year. Fixed costs will total $340,000, and variable costs will be 30 percent of sales. a. The firm wants to achieve a level of earnings before interest and taxes of $240,000. What selling price per unit is necessary to achieve this result? b. Set up a pro forma income statement to verify your solution to part a. a. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $240,000? $ (Round to three decimal places.) b. Set up a pro forma income statement to verify your solution to part a. (Round up all items to the nearest dollar.) Sales Less: Variable costs (30% of sales) Revenues before fixed costs Less: Fixed costs $ 240,000 EBIT