Modern Artifacts can produce keepsakes that will be sold for $80 each. Nondepreciation fixed costs are $1,200 per year, and variable costs are $60 per unit. The initial investment of $3,000 will be depreciated straight-line over its useful life of 5 years to a final value of zero, and the discount rate is 10%.

1.What is the accounting break-even level of sales if the firm pays no taxes?

2.What is the NPV break-even level of sales if the firm pays no taxes?

3.What is the accounting break-even level of sales if the firms tax rate is 35%?

4.What is the NPV break-even level of sales if the firms tax rate is 35%?