James Smith operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $ 16 and sells them for $ 20. James's current breakeven point is 15,000 hats per year. Solution Assistance Used Margin of Safety = 22,500 hats - 15,000 hats 7,500 hats 7,500 hats * $ 20 $ 150,000 Attempts: 3 of 3 used (d) If James wants to earn $ 37,800 in net income, how many hats must he sell, assuming a 30% tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) hats