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Aydens Toys, Inc., just purchased a $530,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its 5-year

Aydens Toys, Inc., just purchased a $530,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its 5-year economic life. Each toy sells for $30. The variable cost per toy is $14 and the firm incurs fixed costs of $390,000 per year. The corporate tax rate for the company is 24 percent. The appropriate discount rate is 12 percent. What is the financial break-even point for the project?

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