Chris micro chip produces and sell its product at the price of P160 with its variable cost of P64. The company's fixed cost is 2,304,000 per annum. The company operates at a margin of safety which was at 40%. (1) Find the total sales made by the company. (1I) The company wants to introduce highly sophisticated modern chip completely new to the market with high research costs. Suggest the pricing method which will be suited for its new product.

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