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James, Inc., has purchased a brand new machine to produce Its High Flight line of shoes. The machine has an economic life of 5 years.

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James, Inc., has purchased a brand new machine to produce Its High Flight line of shoes. The machine has an economic life of 5 years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $570,000. The sales price per palr of shoes is $83, while the variable cost is $34. Fixed costs of $275.000 per year are attributed to the machine. The corporate tax rate is 23 percent and the appropriate discount rate is 9 percent. 0.25 points What is the financial break-even point? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) eBook Financial break-even point units Print References

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