Assume a company is considering adding a new product. The expected cost and revenue data for this product are as follows: $ 5,000 units 60 Annual sales Unit selling price Unit variable costs Production Selling Incremental fixed costs per year. Production Selling $ 29.00 $ 6 $35.000 $45,000 If the company adds this new product, it expects the contribution margin of other product lines to drop by $18.500 per year. What is the lowest price the company could charge and still break even on the new product? Multiple Choice $54.70 $38.70 $51.00 $39.70