Question 15 (1 point) You are considering the manufacturing of a new product. The equipment necessary to manufacture this item costs $600,000. The equipment has a life of six years and straight-line depreciation will be used (assume zero salvage). This firm's tax rate is 40% and the required rate of return on this risky project is 12%. Sales revenue is expected to be $250,000 per year and variable costs are expected to be 20% of sales. What is the per year break-even level of fixed costs? $13,440.90 $18,294.70 O$23,440.90 $57,774.30