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The Quorum Company has a prospective 5-year project that requires initial fixed asset costing $2.600.000, annual fixed costs of $515,000, variable costs per unit of
The Quorum Company has a prospective 5-year project that requires initial fixed asset costing $2.600.000, annual fixed costs of $515,000, variable costs per unit of $18,000, a sales price per unit of $44,000, a discount rate of 20 percent, and a tax rate of 21 percent. What is the financial break-even point?
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