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A company has compiled this information related to a new project: Initial investment: $ 4 0 0 , 0 0 0 ; fixed cost $

A company has compiled this information related to a new project: Initial investment: $400,000; fixed cost $65,000; variable costs: $6 per unit; selling price: $20 per unit; Discount rate: 11percent; project life:5 years; Tax 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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