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A company has compiled this information related to a new project: Initial investment :$ 4 0 0 , 0 0 0 ;Fixed costs:$ 6 5

A company has compiled this information related to a new project: Initial investment :$400,000;Fixed costs:$65,000;Variable costs:$6 per unit; Selling price: $20 per unit; Discount rate: 11 percent; Project life: 5 years; Taxes rate:23 percent. Fixed assets are depreciated using straight line depreciation over the project's life. What is the financial break even point(i.e., the number of units to break even financially)?

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