Chartreuse Co$.$ has purchased a brand new machine toproduce its High Flight line ofChartreuse Co$.$ has purchased a brand new machine to produce its High Flight line of

shoes. The machine has an economic life of four years. The depreciation schedule for

the machine is straight$-$line with no salvage value. The machine costs $$420,000.$ The

sales price per pair of shoes is $$59,$ while the variable cost is $$13.$ Fixed costs of

$$155,000$ per year are attributed to the machine. The corporate tax rate is $25$ percent

and the appropriate discount rate is $7$ percent.

What is the financial break$-$even point? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

Financial break$-$

even

units

shoes. The machine has an economic life of four years. The depreciation schedule for

the machine is straight$-$line with no salvage value. The machine costs $$420,000.$ The

sales price per pair of shoes is $$59,$ while the variable cost is $$13.$ Fixed costs of

$$155,000$ per year are attributed to the machine. The corporate tax rate is $25$ percent

and the appropriate discount rate is $7$ percent.

What is the financial break$-$even point? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Financial break$-$even

units