please do not use the excel method here and please do the calculations on paper and show them.

Shoes for Moos Jim Wells, the owner of a form supply store in Elmira, Ontario, was thinking of introducing a new product shoes for cows with foot (hoof infection (rot). Jim had been approached by several farmers asking for cow shoes. He studied the market and found nothing durable and effective at the $40-S100 per shoe range. There are over 13 million dairy cows in North America, and approximately 2 percent of the develop foot infection annually beef cows are slaughtered when this happens). Jim designed the shoe and approached Kaufman Footwear in Kitchener to make some prototypes. Next, he gave the prototypes to his former friends to test. After one year of design improvements, Tim was wondering whether to go ahend with marketing of the shoe. The cost of the mould to be used by the shoe factory was $10,000, and the mould was expected to last five years (use straight-line depreciation). The cost of Jim's time promoting the shoe, including attending form shows, was approximately $10,000 per year. The cost of shoe inventory and space in Jim's store was estimated to be $1,000 per year. The shoe factory wanted $20 per shoe with a minimum order size of 100 shoes. Jim was thinking of pricing a shoe at $40. Questions 1. How many shoes per year must Jim sell to break even? 2. What is the annual cost at the BEP found in Question 1? 3. If Jim could sell 2.000 shoes per year, should he go ahead with this venture? Why