initial cash outlay is $150,000, no residual value. sales price is expected to be $2,250 per unit, with $595 per unit in labor expense and $795 per unit in materials. direct fixed costs are estimated to run $20,750 per month. cost of capital is 8%, and the required rate of return is 10%. they will incur all operational costs in year 1, though sales are expected to be 55% of break-even. break-even (considering only direct fixed costs) is expected to occur in year 2. variable costs will increase 2% each year, starting in year 3. sales are estimated to grow by 10%, 15%, and 20% for years 3 - 5. they have asked you to calculate: the product’s contribution margin break-even quantity

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)