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The Mini-Max Company has the following cost information on its new prospective project. Calculate the accounting break-even point. Initial investment in fixed assets: $700 Fixed
The Mini-Max Company has the following cost information on its new prospective project. Calculate the accounting break-even point. Initial investment in fixed assets: $700 Fixed costs: $200 per year Variable costs: $3 per unit Depreciation: $140 per year Price: $8 per unit Discount rate: 12% Project life: 5 years Tax rate: 34% Multiple Choice 25 units per year 68 units per year 103 units per year 113 units per year None of the above
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