You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per abalone = $35.50 Variable costs per abalone = $6.60 Fixed costs per year = $380,000 Depreciation per year = $125,000 Tax rate = 34% The discount rate for the company is 13 percent, the initial investment in equipment is $750,000, and the projects economic life is six years. Assume the equipment is depreciated on a straight-line basis over the projects life.

What is the accounting break-even level for the project?

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