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value: 10.00 points Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of
value: 10.00 points Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of six years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $636,000. The sales price per pair of shoes is $61, while the variable cost is $15. $156,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 35 percent and the appropriate discount rate is 9 percent. What is the financial break-even point? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32) Financial break-even point units References eBook & Resources Worksheet Section: 7.1 Sensitivity Analysis, Scenario Analysis, and Break- even Analysis Difficulty: 1 Basic Check my work
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