Last year Minden Company introduced a new product and sold 15,500 units of it at a price of $76 per unit. The product's variable expenses are $46 per unit and its fixed expenses are $526.200 per year. Required: 1. What was this product's net operating income (loss) fast 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 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.9., $74,$72, ete.). what is the maximum annual profit that it can earn on this product? What sales volume and sclling price per unitgenerate the maximum profit? 4. What would be the break-even point in unit sales and in dollar soles using the selling price that you determined in requirement 3 ? Complete this question by entering your answers in the tabs below. What was this product's net operating income (loss) last year