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Question Break-even analysis Miss Ellaneous Bakery is considering the addition of a new line of pies to its product offerings. It is expected that each

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Question Break-even analysis Miss Ellaneous Bakery is considering the addition of a new line of pies to its product offerings. It is expected that each pie will sell for $16 and the variable costs per pie will be $11. Total fixed operation costs are expected to be $25,000. Miss Ellaneous faces a marginal tax rate of 25%, will have interest expenses associated with this line of $3,500, and expects to sell about 4,500 pies in the first year. 2. Use the template in P4 to determine the net income of the new line. b. Make a duplicate sheet Pub from P4. Use the Goal Seek tool to determine the selling price per pie that would allow Miss Ellaneous to break even in terms of its net income. Miss Ellaneous Bakery Projected Income Statement for Pie Line Sales Variable Costs Fixed Costs Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income Additional Data Estimated Pie Sales in Units Price per Pie Variable Cost per Pie Tax Rate

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