Last year Minden Company introduced a new product and sold 25,800 units of it at a price of $94 per unit. The product's variable

expenses are $64 per unit and its fixed expenses are $836,400 per year.

Required 1 Required 2 Required 3 Required 4 Assume the company has conducted a marketing study that estimates it can increase annual 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 (e.g., $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? Show less Maximum annual profit Number of units Selling price per unit 84