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Question 2: The company incurs costs of $24.5 million regardless of the output level. It sells 4.96 million units of its product at the price
Question 2: The company incurs costs of $24.5 million regardless of the output level. It sells 4.96 million units of its product at the price of $9.11, and its total variable costs are $10.67 million. The company has $47 million of debt with an annual interest rate of 4.1%. What is the EBIT break-even point in sales dollars, in $ millions, to the nearest $0.01 million? Drop the $ symbol. E.g., if your answer is $26,666,667, record it as 26.67.
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