Please show work:

Projected cost information for a new product is as follows:

Variable Manufacturing Costs:	$22 Per Unit
Variable Selling Costs:	$8 Per Unit
Fixed Manufacturing Costs:	$220,000
Fixed Selling Costs:	$60,000
The Product is to be Sold at $40 per Unit

1. What is the break-even point for this product, in sales dollars?

2. What price would the company have to sell this product for if they determine that they can sell 40,000 units and realize a profit of $150,000?