A project has a 5 year life, a 16% required rate of return, and an initial investment of $300,000. Annual fixed costs are estimated at $100,000 while variable costs are projected at $12 a unit. The company plans to sell the units for $16 each. What is the NPV break-even level of revenue? Ignore taxes and the impact of depreciation.

Please fine the answer the following steps: 1. CFop 2. PV of CFop 3. Calculate where NPV=0