Freeport Corporation has compiled this information related to a new project: Initial investment: $532,000; Fixed costs: $298,000; Variable costs: $14 per unit; Selling price: $36.50 per unit; Discount rate: 12 percent; Project life: 5 years; Tax rate: 25 percent. Fixed assets are depreciated using straight-line depreciation over the project's life. What is the financial break-even point?

19,176

20,821

19,543

19,918

20,414