Quantitative Part (40 Marks) Question:1 Joffery Products produces two types of water filters. One model is (X) and the other one is Y. X is sold for $160 and has variable costs of $40. Y sells for $180 and has variable costs of $50. The Company sells two X models for every three Y models sold. Fixed costs equal $1,260,000 Required. (10 Marks) 1. What is the breakeven point in unit sales and dollars for each type of filter at the current sales mix? 2. What is the breakeven point in unit sales and dollars for each type of filter at the current sales mix if the tax rate is 40%? 3. Joffery is considering buying new production equipment. The new equipment will increase fixed cost by $444,000 per year and will decrease the variable cost of the X and the Y products by $20 and $40 respectively. Assuming the same sales mix, how many of each type of filter does Pure Water need to sell to break even