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Company TIX has a five-year project that requires an initial investment of $40,000. Every year, the project will pay fixed costs of $18,000 to produce
Company TIX has a five-year project that requires an initial investment of $40,000. Every year, the project will pay fixed costs of $18,000 to produce the product. The variable costs per unit will be $44, and the price per unit will be $68. The required return is 10%. Calculate the financial break-even quantity.
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