1. A company has the following information related to a new project: Initial investment: $1,208,000; Fixed costs: $346,000 Variable costs: $12.36 per unit; Selling price: $29.90 per unit; Discount rate: 13 percent; Project life: 7 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 (in units)?

   		31,510
   		32,935
   		34,360
   		35,785
   		37,210