Please answer question 5,thanks!

In-class Exercise. Chan Co. sells pants wholesale to major retailers across USA. Each pant has a selling price of USP S50 with UVC 536 in variable costs of goods sold. The company has fixed manufacturing costs of $1,000,000 and fixed marketing costs of 50,000. Sales commissions are paid to the wholesale sales representatives ADDITIONAL UVC = 8% X 550 = 54 8% of revenues. The company has an income tax rate of 30%. Required: i. Determine the UIT contribution margin (UCM) and the contribution margin percentage of Chan Co. SIO ( AND 20% 2. Determine the operating income of Chan Co if Chan Co expects to sell 200,000 pants next year. $ 500,000 3. How many pants must Chan sell in order to break even? 4. How many pants must it sell in order to reach: a. a target operating income of $500,000? b. a net income of $500,000? 5. How many pants would Chan have to sell to earn the net income of $500,000 if: (Consider each requirement independently.) a. the contribution margin per unit increases by 10%. b. the selling price is increased to $60.00