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Altre Insurance Agency Inc. has the following cost information on its new prospective project Initial investment $700 Fixed costs $200 per year Variable costs $3

Altre Insurance Agency Inc. has the following cost information on its new prospective project

Initial investment $700

Fixed costs $200 per year

Variable costs $3 per unit

Depreciation $140 per year Price 8 per unit

Discount rate 12 %

Project life 5 years

Tax rate 34 %

Calculate the accounting breakeven point.

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