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10 points 1 eBook Print References You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following
10 points 1 eBook Print References You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per abalone Variable costs per abalone Fixed costs per year Depreciation per year Tax rate = $44.60 = $11.25 = $498,000 = $102,000 = 21% The discount rate for the company is 13 percent, the initial investment in equipment is $918,000, and the project's economic life is 9 years. Assume the equipment is depreciated on a straight-line basis over the project's life and has no salvage value. e. What is the accounting break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the financial break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Accounting break-even level b. Financial break-even level units units
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