4. Suppose you forecast that your company will sell 50,000 biscuits per year. The applicable tax rate is 34 percent. It costs us about $2.50 per biscuit, and this product has a three-year life. Fixed costs excluding salary for the project will be $15,000 per year. Further, your company will need to invest $90,000 in equipment, and the annual sales revenue will be $200,000. The equipment is depreciated to zero on a straight-line basis over a period of three years. It will actually be worth $20,000 in five years. The annual staff salary expense will be 15,000. The project will require an additional $20,000 in net working capital, which will be fully recovered after the project. Besides, there are no additional cash inflows and outflows from this project. What will be the Cash break-even: Show detailed calculation process. 5 Designated place for pasting the picture