New Product Details:

• Product X:
  • Development Costs: $1,200,000
  • Expected Sales Revenue: $3,000,000
  • Profit Margin Target: 40%

Requirements:

• Perform a strategic cost analysis for the development of Product X.
• Calculate the breakeven sales volume.
• Determine the expected profit based on the sales forecast.
• Present the analysis in a comprehensive table format.
• Discuss the strategic advantages of launching Product X.