Martinez, Incorporated, 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 $550,000. The sales price per pair of shoes is $79, while the variable cost is $31. Fixed costs of $255,000 per year are attributed to the machine. The corporate tax rate is 24 percent and the appropriate discount rate is 8 percent. What is the financial break-even point?