A group of venture investors is considering putting money into Lemma Books, which wants to produce a new reader for electronic books. The variable cost per unit is estimated at $120, the sales price would be set at 2.2 times the VC/unit, and fixed costs are estimated at $750,000.

1. Find the sales price
2. Find the break-even quantity
3. The investors will put up the funds if the project is likely to have an operating income (profit) of $500,000 or more. What sales volume (quantity) would be required in order to meet the minimum profit goal?