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

Sales price per abalone	=	$36.00
Variable costs per abalone	=	$7.10
Fixed costs per year	=	$385,000
Depreciation per year	=	$130,000
Tax rate	=	40%

The discount rate for the company is 14 percent, the initial investment in equipment is $910,000, and the projects economic life is seven 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?

b.	What is the financial break-even level for the project?