Question 6 (9 marks) Part (a) (5 marks) Fencing Enterprises operates a single-product entity. Data relating to the product for 2019 were as follows: Annual volume 174,000 Selling price per unit $ 70 Variable manufacturing cost per unit $ 37 Annual fixed manufacturing costs $ 350,000 Variable marketing and distribution costs per unit $ Annual fixed non-manufacturing costs $ 850,000 18 Required (i) Calculate the break-even in both dollars and units for 2019. (2 marks) (i) Calculate the margin of safety in both units and sales dollars. (2 marks) e (ii) Calculate the profit achieved in 2019 given the annual volume of units sold. (1 mark) Part (b) (4 marks) You and your best friend have just finished a Marketing Degree and are thinking about starting a company that targets virtual advertising for the likes of Facebook, Instagram and Tic Tock. The business will be run from your study as the cost of commercial leasing is too expensive for now, but you need state of the art equipment to compete in the field. As you have just finished Uni you have limited cash from your part-time jobs. In your Business Plan you need to explain the 3 different types of finance that would be available to finance your business and describe two specific examples that are most suited to a start-up company given your new venture you will struggle to obtain finance from a bank loan or credit card