Question 1 (16 marks) Velocity Inc. manufactures office desks. The sales price of each desk is $100, and the variable costs of production are $40 per desk. The fixed costs are $180,000. The company's income tax rate is 40%. Required: a) Calculate the break-even point (number of desks) (5 marks). b) Prepare a volume point graph for Velocity Inc. (5 marks). c) The company has a budget for next year's net income of $72,000. The company's income tax rate is 40%. What number of units sold will result in a net income of $72,000 (6 marks)