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A project requires an initial fixed asset investment of $3,500,000, has annual fixed costs of $500,000, a sales price of $44,000 per unit, variables costs
A project requires an initial fixed asset investment of $3,500,000, has annual fixed costs of $500,000, a sales price of $44,000 per unit, variables costs of $15,000 per unit, a discount rate of 20 percent, and straight-line depreciation over the project's 5 -year life. The assets will be worthless at the end of the project. The income tax rate is 21 percent. What is the financial break-even point? Multiple Choice 41 units 53 units 44 units 62 units 58 units
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