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Jones' Boot Factory is taking on a 5-year project that'll sell boots for $50/pair. The fixed costs are to be $2,900/year while the variable costs
Jones' Boot Factory is taking on a 5-year project that'll sell boots for $50/pair. The fixed costs are to be $2,900/year while the variable costs are $30/pair. The initial investment of the project will be $3,000 and will be depreciated straight-line over 5 years. The required rate is 14%. Find the financial break-even quantity.
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