10. Financial Breakeven Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of six years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $474,000. The sales price per pair of shoes is $75, while the variable cost is $31. $280,000 of fi xed costs per year are attributed to the machine. Assume that the corporate tax rate is 34 percent and the appropriate discount rate is 12 percent. What is the financial break-even point?