Variable selling expense is $16 per unit; fixed selling and administrative expense totals $255,000. Olivian has a tax rate of 40 percent. Required: 1. Calculate the before-tax profit needed to achieve an after-tax target of $420,000. $ 2. Calculate the number of units that will yield operating income calculated in Requirement 1 above. If required, round your answer to the nearest whole unit. units Feedback Check My Work 1. After-tax Profit/(1-Tax Rate) = Before-Tax Profit. 2. The required number of units =( Fixed Costs + Target Profit )/ Contribution Margin per Unit. 3. Prepare an income statement for Olivian Company for the coming year based on the number of units computed in Requirement 2 . Do NOT round interim calculations and, if required, round your answer to the nearest dollar. 4. What if Olivian had a 35 percent tax rate? Would the units sold to reach a $420,000 target net income be higher or lower than the units calculated in Requirement 2 ? Calculate the number of units needed at the new tax rate. In your calculations, round before-tax income to the nearest dollar. Round your answer to the nearest whole unit. units