$($Break$-$even point and selling price$)$ Specialty Steel, Inc. will manufacture and sell $150,000$ units next year. Fixed costs will total

$$290,000,$ and variable costs will be $45$ percent of sales.

a$.$ The firm wants to achieve a level of earnings before interest and taxes of $$280,000.$ What selling price per unit is necessary to

achieve this result?

b$.$ Set up a pro forma income statement to verify your solution to part a$.$