Minden Company introduced a new product last year for which it is trying to find an optimal selling price, Marketing studies suggest that the company can increase sales by 4,400 units for each $2 reduction in the selling price. The company's present selling price is $60 per unit, and variable expenses are $28 per unit. Fixed expenses are $620,000 per year. The present annual sales volume (at the $60 selling price) is 17000 units. Required: 1. What is the present yearly operating income or loss? Operating loss $ 76,000 2. What is the present break-even point nearest whole number) unit sales and in dollar seles? (Round intermediate calculations and final answers to the Break-even point in unit nales Break-even point in dollar sales 19,375 1,162,500 5 3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can ear? At how many units and at what selling price per unit would the company generate this profit? Maximum profit Number of units Selling price per unit 4-a. What would be the break-even point in unit sales and in dollor sales using the selling price you determined in (3) above (eg, the selling price at the level of maximum profits)? (Round intermediate calculations and final answers to the nearest whole number) Break-even point in unt sales Break-even point in dollar sales