MBG is a firm that manufactures 3 products: Special Executive Compact it is trying to calculate the volume of each of its products that it would need to sell in order to (a) break-even; and (b) achieve a profit target of $500,000. Assume MBG operates in a way that is consistent with all the relevant Cost-Volume-Profit (CVP) assumptions. Which of the following statements about CVP analysis for MBG is/are likely to be true? 1. A higher weighted average contribution margin would increase the number of units MBG needs to sell to break-even. 2. The number of units MBG would need to sell to achieve its profit target would be higher if its profit target is an after-tax profit target compared to if it is a before-tax profit target. 3. The number of units MBG would need to sell in order to breakeven would be higher if it decides to increase its profit target to $750,000 from $500,000. Statement 1 only Statement 2 only Statement 3 only O Statement 2 and 3 only None of the statements are true