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7. (10 points) A start-up is planning to introduce a new product to the market at $1000/unit. They have an estimated fixed operation cost of

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7. (10 points) A start-up is planning to introduce a new product to the market at $1000/unit. They have an estimated fixed operation cost of $4.5 Million/annum. The Variable costs depend on the volume of production estimated at $250/unit. What is the volume of sales needed for this product to break-even? Use the following video to understand the basics of break-even analysis and solve the problem: https://www.youtube.com/watch?v=kla5dJVCCDc

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