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You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: The discount rate for the company
You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: The discount rate for the company is 13 percent, the initial investment in equipment is $696,000, and the project's economic life is six years. Assume the equipment is depreciated on a straight-line basis over the project's life. What is the accounting break-even level for the project? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the financial break-even level for the project? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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