Hilton Company has the following information related to a new project: Initial investment: $1,510,000; Fixed costs: $502,000; Variable costs: $12.60 per unit; Selling price: $34.70 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?