Last year Minden Company introduced o new product and sold 25,100 units of it at a price of $95 per unit. The product's variable expenses are $65 per unit and its fived expenses are $833,700 per year. Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unt 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 seling price. If the company will only consider price reductions in increments of $2 (e.9. $68,566, etc). what is the maximum annuel profit that it can earn on this product? What sales volume and seling price per unit generate the maximum profir? 4. What would be the break-even point in unit sales and in dollar sales using the seling price that you determined in requirement 3 ? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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