XYZ Company's single product has a selling price of $25 per unit. Last year the company reported profit of $50,000 and variable expenses totaling $240,000. The product has a 40% contribution margin ratio. Because of competition, XYZ Company will be forced in the current year to reduce its selling price by $2 per unit. How many units must be sold in the current year to earn the same profit as was earned last year? Select one: O a. 16,000 O b. 11,000 O c. 29,000 O d. 20,000 e. 24,000