We are evaluating a project that costs $923,000, has a life of 15 years, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 117,000 units per year. Price per unit is $35, variable cost per unit is $22, and fixed costs are $938,691 per year. The tax rate is 23 percent, and we require a return of 12 percent on this project. 1a. Calculate the accounting break-even point. 1b. What is the degree of operating leverage at the accounting break-even point? 2a. Calculate the base-case cash flow