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Chartreuse Co . has purchased a brand - new machine to produce its High Flight line of shoes. The machine has an economic life of

Chartreuse Co. has purchased a brand-new machine to produce its High Flight line of shoes. The machine has an economic life of six years. The depreciation schedule for the machine is a straight-line which no salvage value. The machine costs $735,000. The sales price per pair of shoes is $94, while the variable cost is $26. Fixed costs of $475,000 per year are attributed to the machine. The corporate tax rate is 23% and the appropriate discount rate is 12%. What is the financial break-even point?

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