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A project cost $1 initial million investment and would depreciate straight line to 0 in 10 years. Besides depreciation, the variable cost is 60% of
A project cost $1 initial million investment and would depreciate straight line to 0 in 10 years. Besides depreciation, the variable cost is 60% of sales and fixed cost is $100,000 per year. Assume the income tax of 21%. What sales would the project have to break even in accounting?
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