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L.J.'s Toys Inc. just purchased a exist435,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its five-year

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L.J.'s Toys Inc. just purchased a exist435,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its five-year economic life. Each toy sells for exist25. The variable cost per toy is exist11, and the firm incurs fixed costs of exist289,000 each year. The corporate tax rate for the company is 34 percent. The appropriate discount rate is 12 percent. What is the financial break-even point for the project? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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