Peebles and Witcherley manufacture a standard model of steam iron. The selling price of each iron is 35. Variable costs of manufacture are 9.80. For the current period, the company expects to incur fixed production costs of 78,000 and fixed selling and administration costs of 38,000. What is the nearest approximate breakeven point in sales value? a. 115,996 b. 161,140 c. 77,994 d. 108,325