Question: Fisher Publishing Inc. is doing a financial feasibility analysis for a new book. Editing and preproduction costs are estimated at $42,000. The printing costs are

Fisher Publishing Inc. is doing a financial feasibility analysis for a new book. Editing and preproduction costs are estimated at $42,000. The printing costs are a flat $7000 for setup plus $8.00 per book. The author's royalty is 8% of the publisher's selling price to bookstores. Advertising and promotion costs are budgeted at $8200.

a.If the price to bookstores is set at $30, how many books must be sold to break even?(Round your answer to the nearest number ofbooks.)

Number of booksbooks

b.The marketing department is forecasting sales of 5200 books at the $30 price. What will be the net income from the project at this volume of sales?

Net income$

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