Last year Minden Company introduced a new product and sold 25,600 units of it at a price of $99 per unit. The product's variable expenses are $69 per unit and its fixed expenses are $840,000 per year Required: What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company has conducted a marketing study that estimates it can increase antial sales of this product by 5,000 units for each $2 reduction in its selling price. If the company will only consider price reductions in increments of $2 (eg. $68, $66, etc.), what is the maximum annual profit that it can earn on this product? What sales volume and selling price per unit generate the maximum profit? 4. What would be the break-even point in unit sales and in dollar sales using the selling price that you determined in requirement 3? Required 1 Required 2 Required 3 Required 4 Assume the company has conducted a marketing study that estimates it can increase annual sales of th units for each $2 reduction in its selling price. If the company will only consider price reductions in incre $68, $66, etc.), what is the maximum annual profit that it can earn on this product? What sales volume unit generate the maximum profit? Maximum annual profit Number of units Selling price per unit Required 1 Required 2 Required 3 Required 4 What would be the break-even point in unit sales and in dollar sales using the selling price that you dete requirement 3? (Do not round intermediate calculations.) Break-even point in units Break-even point in dollar sales