CAN YOU PLEASE CLEARLY WRITTEN HELP ME SOLVE THIS PROBLEM

Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the seling price. The company's present seling price is $70 per unit, and variable expenses are $40 per unit. Fixed expenses are $540,000 per year. The present annual sales volume at the $70 selling price) is 15,000 units Required 1. What is the present yearly net operating income or loss? Net operating loss 76.80 2. What is the present break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.) 27,760 Break even point in units Break-even point in dollar sales 2.581.680 3. Assuming that the marketing studies are correct, what is the maximum annual pront that the company can eam? At how many units and at what selling price per unit would the company generate this profe? Maximum profit Number of units Selling price $ 171,200 50,200 BD 3. Assuming that the marketing studies are correct, what is the maximum annual profit that the company can earn? At how many units and at what selling price per unit would the company generate this profit? $ 171.200 X Maximum profit Number of units Selling price 50,200 X IS 89 X 4. What would be the break-even point in unit sales and in dollar sales using the selling price you determined in (3) above (eg, the selling price at the level of maximum profits)? (Do not round intermediate calculations.) 41.640 X Break-even point in units Break-even point in dollar sales 3,705,960