Petrox Oil Co's marketing sales director doesn't think that the market for the firm's goods is big enough to sell enough units to make the company's target operating profit of $20,000,000. In fact, she believes that the firm will be able to sell only about 175,000 units. However, she also thinks the demand for Petrox oil Co.'s product is relatively inelastic, so the firm can increase the sale price. Assuming that the firm can sell 175,000 units, what price must it set to meet the CFO's EBrT goal of $20,000,000 ? $203.29 $222.65 $242.01 $193.61 To be profitable, a firm has to recover its costs. These costs include both its fixed and its variable costs, One way that a firm evaluates at what stage it would recover the invested costs is to calculate how many units or how much in dollar sales is necessary for the firm to earn a profit. Consider the case of Petrox Oll Co.: Petrox Oll Co, is considering a project that will have fixed costs of $12,000,000. The product will be sold for $37.50 per unit, and will incur a variable. cost of $10.75 perinit. Given Petrox's cost structure, it will have to sell units to break even on this project (QaE)