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

Sales price per abalone	=	$34.20
Variable costs per abalone	=	$5.30
Fixed costs per year	=	$367,000
Depreciation per year	=	$112,000
Tax rate	=	35%

The discount rate for the company is 15 percent, the initial investment in equipment is $784,000, 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?