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Jed's Cars, Inc., just purchased a $ 3 2 0 , 0 0 0 machine to produce toy cars. The machine will be fully depreciated
Jed's Cars, Inc., just purchased a $ machine to produce toy cars. The machine will be fully depreciated by the straightline method over its fouryear economic life. Each toy sells for $ The variable cost per toy is $ and the firm incurs fixed costs of $ each year. The corporate tax rate for the company is percent. The appropriate discount rate is percent. What is the financial breakeven point for the project? Do not round intermediate calculations and round your answer to decimal places, eg
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