A project has the following estimated data: price = $57 per unit; variable costs = $22.80 per unit; fixed costs = $5,500; required return = 9 percent; initial investment = $11,000; life = five years. Ignore the effect of taxes.

a. What is the accounting break-even quantity?

b. What is the cash break-even quantity?

c. What is the financial break-even quantity?

d. What is the degree of operating leverage at the financial break-even level of output?