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accounting break-even point, the cash break-even point, or the financial break-even point? Why? 7. Break-Even (LO3) Assume a firm is considering a new project that requires an initial investment and has equal sales and costs over its life. Will the project reach the accounting, cash, or financial break-even point first? Which will it reach next? Last? Will this ordering always apply? 8. Capital Rationing (L05] How do soft rationing and hard rationing differ? What are the implications if a firm is Page 376