You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information:

Sales price per abalone = $35.80

Variable costs per abalone = $6.90

Fixed costs per year = $383,000

Depreciation per year = $128,000

Tax rate = 23%

The discount rate for the company is 13 percent, the initial investment in equipment is $768,000, and the projects economic life is six years. Assume the equipment is depreciated on a straight-line basis over the projects life.

a. What is the accounting break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. What is the financial break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)