Niko has purchased a brand new machine to produce its High Flight Line of shoes. The machine has an economic life of five 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 $60, while the variable cost is $14. $160,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 34% and the appropriate discount rate is 8%. What is the financial break-even point?