Brian Lee is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $59 cach and variable costs per unit are expected to be $34. Brian anticipates incurring $604,000 in fixed costs per year. (a) Your answer is correct What is the expected contribution margin per lounge chair? Contribution margin $ per chair (b) Your answer is correct. Based on his projections, how many lounge chairs must Brian sell to break even? 24160 chairs c * Your answer is incorrect. If Brian wants to generate annual operating income of $59,500, how many lounge chairs must he sell? 1750 chairs