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Englewood Food Processors makes healthy snack crackers. Each case of crackers produced can be sold to a distributor for $24. The variable cost of producing

Englewood Food Processors makes healthy snack crackers. Each case of crackers produced can be sold to a distributor for $24. The variable cost of producing each case is $13. The companys cash-based fixed costs (such as managers salaries, building rent, some components of insurance) total $5,600,000 per year. The machinery used in the manufacturing originally cost the company $7,200,000, and was expected to have a 9-year useful life. The companys managers feel that the weighted average cost of capital for the companys typical projects is 8.65% per year. What number of cases sold constitutes the companys annual Financial Break-Even Point?

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