North Dakota knapsacks, Inc. makes high quality backpacks. Each pack can be sold to an outdoor gear distributor for $43. The variable cost of producing each pack is $29. The company's cash-based fixed costs (such as managers' salaries, building rent, some components of utilities and insurance) total $2,450,000 per year. The machinery used in the manufacturing originally cost the company $10,850,000, and was expected to have a 7. year useful life. North Dakota's managers feel that the weighted average cost of capital for the company's typical investment projects is 9.3% per year. What number of backpacks sold constitutes the company's annual Financial Break-Even Point? [In previous question 9 you computed the annual Operating or Accounting Break Even Point.) O A 64,271,39 8.330,538.57 OC. 19,461,43 OD. 312,285,71 OE. 532,442.96 Reset Selection 3:58 PM 6/20/20 ! re to search