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The company incurs costs of $22.7 million regardless of the output level. It sells 5.07 million units of its product at the price of $9.05,
The company incurs costs of $22.7 million regardless of the output level. It sells 5.07 million units of its product at the price of $9.05, and its total variable costs are $11.89 million. The company has $42 million of debt with an annual interest rate of 5.44%. 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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