Wei Wong 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 $77 each and variable costs per unit are expected to be $37. Wei anticipates incurring $816,000 in fixed costs per year. Assuming the companys tax rate is 30%, how many lounge chairs must the company sell to generate annual net income of $132,860?