Ligand Company produces and sells strings of colorful indoor/outdoor lights for holiday display to retailers for $14.28 per string. The variable costs per string are as follows: Line Item Description Cost Direct materials $2.90 Direct labor 1.70 Variable factory overhead 0.48 Variable selling expense 0.42 Fixed manufacturing cost totals $597,040 per year. Administrative cost (all fixed) totals $457,438. The company expects to sell 90,900 strings of light next year. Required: 1. Calculate the break-even