An investment has an initial cash outflow of $210,000 for fixed assets that will be depreciated straight to 0 over 4 years, which is the life of the project. The sales price is set at $19.95 a unit, the annual costs of $237,000, and the variable cost per unit is $8.87. The tax rate is 34% and the discount is 11%.

At what sales quantity per year will the investment break even on a financial basis?

Why is there a different from the accounting basis?