Use the above expression to find the cash, accounting, and financial break-even points for Wettway Sailboat. Assume a tax rate of 24 percent.

Wettway Sailboat Corporation is considering whether to launch its new Margo-class sailboat. The selling price will be $44,000 per boat. The variable costs will be about half that, or $23,000 per boat, and fixed costs will be $495,000 per year. The total investment needed to undertake the project is $3,400,000. This amount will be depreciated straight-line to zero over the 5-year life of the equipment. The salvage value is zero, and there are no working capital consequences. Wettway has a required return of 14 percent on new projects. OCF-TcXD FC + 1-TC P-V Q= = Use the above expression to find the cash, accounting, and financial break-even points for Wettway Sailboat. Assume a tax rate of 24 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash break-even 23.57 Accounting break-even 55.95 Financial break-even 78.62