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The Mini-Max Company has the following cost information on its new prospective project. Initial investment: $700; Fixed costs: $200 per year; Variable costs: $3 per
The Mini-Max Company has the following cost information on its new prospective project. Initial investment: $700; Fixed costs: $200 per year; Variable costs: $3 per unit; Depreciation: $140 per year; Price: $8 per unit; Discount rate: 12%; Project life: 3 years; Tax rate: 34%. Calculate the accounting break-even point
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