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Sound Systems Inc.produces and markets wireless speakers. Management is thinking about developing a new model, the...

Sound Systems Inc.produces and markets wireless speakers. Management is thinking about developing a new model, the SonicBoom. TheSonicBoom will cost approximately $59 per unit to produce, and will be sold to retailers (such as Fry’sand Best Buy) at a price of $119, with a suggested retail price (i.e., the amount charged by retailers to consumers) of $239.  Sound Systems Inc.estimates that it will incur annual costs of $7.5 million to advertise and promote the SonicBoom, $2.5 million to cover selling and distribution expenses, and another $2.5 million to cover fixed overhead expenses. Based on this information, how many units does Sound Systems Inc.need to sell in order to break even? Show your work. (Hint: Keep in mind that SoundSystemsis not a retailer.)  2.5points

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