SolarPower Inc is a company that will produce solar lamps. For this, the company will use the project finance route to set up the manufacturing unit. As of now, the company has estimated the following figures related to the units. Based on the information provided, calculate the financial breakeven point for the project. (5 marks)

Price per solar lamp	700
Variable cost per lamp	50
Fixed cost per year	3,00,00,000
Tax rate	25%
Discount rate	8%
Initial investment	60000000
Life of the project	7 years
Depreciation	15000000