After-Tax Profit Targets Olivian Company wants to earn $360,000 in net (after-tax) income next year. Its product is priced at $400 per unit. Product costs include: Variable selling expense is $16 per unit; fixed selling and administrative expense totals $275,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $360,000. 2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. If required, round your answer to the nearest whole unit. X units Feedbad Thed: My Work 1. After-tax Profit /(1-Tax Rate )= Before-Tax Profit. 2. The required number of units =( Fixed Costs + Target Profit )/ Contribution Margin per Unit. Feedback V Cheok My Work 3. Use a contribution margin format income statement. X units