Problem 2: Magnolia Company is considering the production and sale of a new product with the following sales and cost data: unit sales price, $350; unit variable costs, $180; total fixed costs, $399,500; and projected sales, $910,000. Round any units in your answers to the nearest whole unit and round dollars to two decimal places. a) Calculate the break-even point in units. b) Calculate the break-even point in dollars. Use four decimal places when calculating the contribution margin ratio. c) Calculate the number of units that would need to be sold to generate operating income of $600,000. d) Calculate dollar sales that would be needed to generate the same profit as in part c) above. e) Calculate the margin of safety stated as a percentage using the $910,000 projected sales level