A company has just purchased a $560,000 machine to produce gadgets. The machine will be fully depreciated by the straight-line method over its eight-year economic life. The variable cost per gadget is $13, and the company incurs fixed costs of $400,000 each year. The company anticipates to sell 25,000 gadgets each year during the project life of eight years. The corporate tax rate for the company is 25%. The appropriate discount rate is 12%. What is the financial break-even unit price of the project (i.e., the price per gadget for the project to break even financially)?

a. $27.31

b. $34.08

c. $37.45

d. $29.73

e. $32.68