Thomas Taylor is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $55 each and variable costs per unit are expected to be $35. Thomas anticipates incurring $594,000 in fixed costs per year. Assuming the companys tax rate is 40%, how many lounge chairs must the company sell to generate annual net income of $63,600?\ \ ChatGPT