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Consider a project with the following information: initial investment $2,400,000; straight-line depreciation to zero over six-year life; $100,000 salvage value; price per unit $220; variable
Consider a project with the following information: initial investment $2,400,000; straight-line depreciation to zero over six-year life; $100,000 salvage value; price per unit $220; variable cost per unit $140; annual fixed costs $250,000; annual quantity sold 12,400 units; Tax Rate 21%; required return is 12%. What is the Cash Flow Break-Even point for units sold?
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