A tree house manufacturing company would like to try using a cutting-edge 3D printing technology to "print" tree houses. It is considering testing this technology as its new 10-year project. It will be necessary to immediately invest $460,000 to buy all the required 3D printer technology, which will have a 10-year economic life and depreciate at the same rate each year. These 3D printers will be worthless at the end of this project.

The company also estimates the following: - Annual fixed production costs will equal $25,000, - An additional cost, a.k.a. variable cost, per each manufactured tree house will equal $2,000, - Each manufactured tree house can be sold for $2,600.

The company falls into a 40% tax bracket. The required annual rate of return for this project is 12%.

Calculate the following. Increase the decimal places for any intermediate calculations in order to avoid rounding errors! Round your answer to whole number.

The minimum number of tree houses that this company would need to manufacture and sell each year in order to break even in the "financial" sense equals tree houses.

True or false? The higher the initial investment, the more tree houses the company would need to sell to break even in the financial sense. This statement is . Type true or false.