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

Sales price per abalone = $44.30

Variable costs per abalone = $11.10

Fixed costs per year = $486,000

Depreciation per year = $119,000

Tax rate = 23%

The discount rate for the company is 15 percent, the initial investment in equipment is $952,000, and the projects economic life is 8 years.

Assume the equipment is depreciated on a straight-line basis over the projects life and has no salvage value. 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.)