Please answer the following marketing math questions. Also please show the formula that you used to get the answer to the questions

5) ESTIMATED PRICE POINT AT A DESIRED PROFIT LEVEL Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?

6) BREAK-EVEN ANALYSIS: BEP IN UNITS Ampro-Mag is a small company that makes materials for safely controlling hazardous spills of all kinds. It sells these items as a neutralizing kit priced at $120. The costs of the materials that go into each kit are $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising in trade journals, and $3,500 for the monthly salary of its owner. What is Ampro-Mag's monthly break-even point in terms of number of neutralizing kits sold?

7) BREAK-EVEN ANALYSIS WITH CHANGES IN COST STRUCTURE Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Ace is considering a switch from manual labor to an automated process. New equipment would cost an additional $4 million per year while lowering variable costs by $3 per shoe repair kit. How many kits would Ace have to sell at $15 per pair to make $2 million in profits in the next year with the automated process?

ANSWER FOR THE ABOVE DRILLS (Qn1-Qn7): 5. $17.14 6. 75 neutralizing kits 7. 923,077 kits