Please only answer if you're 100% certain. I posted this question twice earlier today and both replies were incorrect. The answer I originally arrived at for "a" is 7.159 as what the units would have to sell for to achieve the target EBIF of $300,000. My answer may be wrong though but Im not sure. Again though, the two earlier answers provided on Chegg were definitely wrong (the wrong answers recived were $7.5 and $4.565).

(Break-even point and selling price) Parks Castings Inc. will manufacture and sell 220,000 units next year. Fixed costs will total $330,000, and variable costs will be 40 percent of sales.

The firm wants to achieve a level of earnings before interest and taxes (EBIT) of $300,000.

a.What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $300,000 ? ______ (round answer to three decimal places).

b. Set up an analytical income statement to verify your solution to part .