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Given the following information, what is the financial break-even point ? Initial investment = $300,000; variable cost = $120; fixed cost = $65,000; price =

Given the following information, what is the financial break-even point? Initial investment = $300,000; variable cost = $120; fixed cost = $65,000; price = $150; life = 6 years; required return = 10%; straight-line depreciation; salvage value of assets = $25,000. Ignore taxes.

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