A mesquite farmer wants you to invest in his mesquite harvesting business. He sells mesquite wood to several "Texas-style" steakhouses that serve authentic "Mesquite-smoked" steaks. He promises to give you all profits for 5 years after covering operating costs and his salary and taxes each year. Your analysis of his operation revealed the following cost and price data.

Selling price per cord of mesquite	$72.00
Variable costs (per cord)	$40.00
Fixed Costs (per year)	$400,000.00
Depreciation (per year)	$30,000.00
Salary	$50,000.00
Tax Rate	25%

Based on this information, How many cords of mesquite wood must be harvested and sold the first year before there is any profit available to you? (Remember to include the farmer's salary in your costs that must be covered.)