Manufacturing Limited produces and sells one product, a three-foot Canadian flag. During 20 Upper X 0, the company manufactured and sold 65 comma 000 flags at $ 27 each. Existing production capacity is 75 comma 000 flags per year. In formulating the 20 Upper X 1 budget, management is faced with several decisions concerning product pricing and output. The following information is available: LOADING...(Click the icon to view the available information.) Requirement 1. Indicate, with reasons, what the level of production and the selling price should be for the coming year. Also indicate whether the company should approve the plant expansion. Show your calculations. Ignore income tax considerations and the time value of money