Accounting Break-even Samuelson GmbH has just purchased a €600,000 machine to produce calculators.

The machine will be fully depreciated using the 20 per cent reducing balance method over its economic life of five years and will produce 20,000 calculators each year. The salvage value of the machine will be equal to its residual or written down value. The variable production cost per calculator is €15, and total fixed costs are

€900,000 per year. The corporate tax rate for the company is 30 per cent. For the firm to break even in terms of accounting profit, how much should it charge per calculator?