11. Caravan Corp. is contemplating a new widget manufacturing plant with the following details: 1. The project will require an initial investment (in year 0) in machinery worth $100,000. 2. The project life is three years. At the end, the machine will be sold for $10,000. 3. The machine will be depreciated over 3 years using the straight line method. 4. The project will require net working capital of $15,000 at the end of year 1. The requirement will increase by $5,000 in the second year and remain there for the rest of the project. At the end of the project it will be freed up. 5. Widgets cost $15 per unit in the first year and can be sold for $50 per unit. In the second and third years, widgets cost $17 but can be sold for $55. 6. There are additional fixed costs of $10,000 during each year of operation. 7. Due to a special government incentive, there Caravan pays no tax. 8. The relevant discount rate is 10%. (i) Compute the breakeven number of units assuming that the same number of units is sold each year. Show calculation detail, please and formulas used