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The company incurs costs of $23 million regardless of the output level. It sells 5.03 million units of its product at the price of $9.17,
The company incurs costs of $23 million regardless of the output level. It sells 5.03 million units of its product at the price of $9.17, and its total variable costs are $10.95 million. The company has $49 million of debt with an annual interest rate of 4.04%. What is the EBIT break-even point in sales dollars, in $ millions, to the nearest $0.01 million?
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