Please Parts A, B Pleases!

(Break-even point and selling price) Specialty Steel, Inc. will manufacture and sell 240,000 units next year. Fixed costs will total $280,000, and variable costs will be 45 percent of sales.

a. The firm wants to achieve a level of earnings before interest and taxes of $290,000. What selling price per unit is necessary to achieve this result?

b. Set up a pro forma income statement to verify your solution to part a.

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a. What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $290,000? $_____(Round to three decimal places.)