Assignment Break Even Analysis Problem Description: Review the following break-even analysis problem and prepare a written report that includes the following: 1. Answers to the three questions list below 2. A graph that shows the relationship between fixed costs, variable costs, revenue and the break event point. 3. Comments and recommendations to the entrepreneur about whether to proceed with the project. The Problem An entrepreneur wants to begin selling a new pair of specialty pliers next year but is concerned about how many will need to be sold in order to break-even on the investment materials and equipment. Here are the details. Fixed Costs Metal forming machine $ 120,000 Plastic grip molder $ 30.000 Sander $7,000 Variable Costs (per unit) Packaging Material $ 0.45 Raw material $ 2.75 Grip material $ 0.75 Shipping $ 0.75 Following initial market research, the entrepreneur estimates that the pliers can be sold for $ 23.00 per unit and anticipates that 1.200 units will be sold per month. The goal is to have the pliers break even and begin to earn a profit within the first year. The entrepreneur's target profit level for the end of the first year is $100,000 Questions 1. At a price of $23 per units, how many pliers need to be sold to... a) Break even? b) Achieve the target profit? 2. Assuming sales of 1.200 units per month, how many months will it take to ... a) Break even? b) Achieve the target profit? 3. If the entrepreneur decides to decrease the price per unit by S3, how many pliers need to be sold to... a) Break even? b) Achieve the target profit? Assignment Deliverable Assessment of Work Points will be earned based upon the following elements Content that addresses topic or question(s) and provides sufficient textual evidence to support the argument. . Compliance with assignment instructions. Writing structure that includes clearly stated points that are logically organized. Writing style that is concise and precise with correct spelling good grammar, complete sentences, and cites references appropriately