Andre has asked you to evaluate his business Andres Hair Styling. Andre has five barbers working for him. (Andre is not one of them.) Each barber is paid $9.90 per hour and works a 40-hour week and a 50-week year regardless of the number of haircuts. Rent and other fixed expenses are $1750 per month. Hair shampoo used on all clients is $0.40 per client. Assume that the only service performed is the giving of haircuts (including shampoo) the unit price of which is $12. Andre has asked you to find the following information.Grading CriteriaPercentageFind the contribution margin per haircut.25%Determine the annual break-even point in number of haircuts.25%What will be the operating income if 20000 haircuts are performed?25%Suppose Andre revises the compensation method. The barbers will receive $4 per hour plus $6 for each haircut. What is the new contribution margin per haircut? What is the annual break-even point (in number of haircuts)?25%