Ionic Charge is a newly organized manufacturing business that plans to manufacture and sell $60,000$ units per year of a new product. The following estimates have been made of the company's costs and expenses $($other than income taxes$).$ Required: a$.$ What should the company establish as the sales price per unit if it sets a target of earning an operating income of $\backslash (\backslash$$ $700,000\backslash )$ by producing and selling $60,000$ units during the first year of operations? $($Hint: First compute the required contribution margin per unit.$)$ b$.$ At the unit sales price computed in part a$,$ how many units must the company produce and sell to break even? $($Assume all units produced are sold.$)$ c$.$ What will be the margin of safety $($in dollars$)$ if the company produces and sells $60,000$ units at the sales price computed in part a$?$ d$.$ Assume that the marketing manager thinks that the price of this product must be no higher than $\backslash (\backslash$$ $60\backslash )$ to ensure market penetration. Will setting the sales price at $\backslash (\backslash$$ $60\backslash )$ enable Ionic Charge to break even, given the plans to manufacture and sell $60,000$ units?