After-Tax Profit Targets Olivian Company wants to earn $480,000 in net (after-tax) Income next year. Its product is priced at $250 per unit. Product costs include: Direct materials Direct labor Variable overhead Total fixed factory overhead $440,000 $75.00 555.00 $12.50 Variable selling expense is $10 per unit; fixed selling and administrative expense totals $290,000. olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $480,000.