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1. What is the importance of Break-Even Analysis and Margin of Safety in Project Management? From the below figures, calculate the Break Even Point and

1. What is the importance of Break-Even Analysis and Margin of Safety in Project Management? From the below figures, calculate the Break Even Point and Margin of Safety.

Selling Price per unit = $12.00

Variable Cost per Unit = $8.00

Fixed Costs = $100,000

Budgeted number of Units to be sold = 35,000 units.

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