• Rochester Rockets Ltd. plans to introduce a new model of hobby rocket. After extensive discussions with engineering, manufacturing, and marketing staff, the following information has been developed:

Quarter	1	2	3	4	5	6	7	8
Market research ($)	(10,000)	(20,000)
Product development ($)	(10,000)	(50,000)	(100,000)	(50,000)
Selling price/unit ($)	25	25	20	20
Variable costs/unit ($)	11	11	10	10
Sales quantity (units)	7,000	7,000	8,000	8,000
Other fixed costs ($)	(10,000)	(10,000)	(10,000)	(10,000)

Required: Calculate break-even time for the new product.