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 $ 30.70 $ 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 $41.40 $52.70 $40.40 $56.40