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Given the following information, what is the financial break-even point? Initial investment = $220,000; variable cost = $85; fixed cost = $42,000; price = $100;
Given the following information, what is the financial break-even point? Initial investment = $220,000; variable cost = $85; fixed cost = $42,000; price = $100; life = 5 years; required return = 10%; SL depreciation: before -tax salvage value of assets = $30,000; initial net working capital investment = $10,000, and tax rate is 15%
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