The fixed costs incurred by a small genetics research lab are $200,000 per year. Variable costs are $12,500 per research project. a. If the revenue per project is $30,000, what is the breakeven number...

The fixed costs incurred by a small genetics research lab are $200,000 per year. Variable costs are $12,500 per research project.

a. If the revenue per project is $30,000, what is the breakeven number of projects of this lab in a year to sustain its operations?

b. Currently, the lab works on 20 projects a year. What is their profit at this level?

c. If variable costs increase to $13,000 per research project, what is the new BEP? By how much will their profit increase or decrease?