24. After studying the economy, you forecast that there is a 70% chance of a good economy next year and a 30% chance of a poor economy. If the economy is good, you estimate that a stock you have been following would have a 25% return. Likewise, if the economy is poor, you estimate a -6% return for that same stock. The risk-free rate is 4.7%. What is the expected return for this stock? (Answer to the nearest tenth of a percent, but do not use a percent sign).

	Probability	Return
Good Economy	70%	25%
Poor Economy	30%	-6%

Risk-Free Rate = 4.7

23.

A company is considering a 5-year project that opens a new product line and requires an initial outlay of $84,000. The assumed selling price is $92 per unit, and the variable cost is $58 per unit. Fixed costs not including depreciation are $19,000 per year. Assume depreciation is calculated using stright-line down to zero salvage value. If the required rate of return is 10% per year, what is the financial break-even point? (Answer to the nearest whole unit.)