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In the food industry, Company ABC is engaged in Siomai production with an annual fixed cost of 500,000 pesos. The revenue stream is identified to be at 11.25 pesos per unit of siomai, while the company's variable cost is 4.25 pesos.

1. Compute for the Break-even quantity of Company ABC.

2. Compute for the annual profit (a) if 230,000 siomai would be sold; (b) if 50,000 siomai would be sold.