Question 4 (7 marks) Iron Man Enterprises is considering whether or not to undertake a massive upgrade of their production & manufacturing equipment. The modification will allow for increased quality & improved efficiencies around the manufacturing process (less waste & repairs). The increased quality will allow for a higher selling price and greater product margin. The cost to undertake this upgrade is $560,000 on top of the current fixed costs of $285,000. Cost information is as follows Current Equipment Upgraded Equipment Selling price per unit $15 $21 Variable cost per unit $11 What is Iron Man Enterprise's breakeven point in units with the current equipment & upgraded equipment (1 marks) bj Determine the sales level at which the modified equipment earns a 20%% target profit - sales ratio (ignore income taxes) (3 marks) c) Determine the sales level at which profits will be the same under both the current and upgraded equipment