A company has compiled this information related to a new project: Initial investment: $510,000; Fixed costs: $162,000; Variable costs: $11 per unit; Selling price: $25 per unit; Discount rate: 11 percent; Project life: 5 years; Tax rate: 25 percent. Fixed assets are depreciated using straight-line depreciation over the project's life. What is the financial break-even point?

22,285

18,406

16,747

20,560

24,805