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Consider a four-year project with the following information: initial fixed asset investment =$475,000; straight-line depreciation to zero over the four-year life; zero salvage value; price
Consider a four-year project with the following information: initial fixed asset investment =$475,000; straight-line depreciation to zero over the four-year life; zero salvage value; price =$26; variable costs =$18; fixed costs =$195,000; quantity sold =84,000 units; tax rate =34% How sensitive is OCF to changes in quantity sold? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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