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3. (TCO C) EcoCars manufactures a new ultra-sporty electricvehicles targeted to MBAs and other higher-earning professionals.EcoCars management has asked you to help the firm identify itsEBDAT breakeven level. The company has only one product the eBolt.The firms cars sell for $52000 each (all production is outsourcedto an external manufacturer). Each car costs $44200 in materialsand manufacturing costs. The firms office lease in Silicon Valleyis $1.2 million annually. Its marketing and advertising expense is$2.5 million per year and salaries and insurance run $2.3 millionannually. Complete the following and show all your calculationsfor each. Part 1: Calculate the firms 1) EBDAT revenue and 2)contribution profit margin at EBDAT breakeven.