Last year Minden Company introduced a new product and sold 25,200 units of it at a price of $98 per unit. The product's variable expenses are $68 per unit and its fixed expenses are $834,600 per year. 1. 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 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