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

Sales price per abalone=$43.10

Variable costs per abalone=$10.50

Fixed costs per year=$438,000

Depreciation per year=$131,000

Tax rate=21%

The discount rate for the company is 13 percent, the initial investment in equipment is $917,000, and the project's economic life is 7 years. Assume the equipment is depreciated on a straight-line basis over the project's life and has no salvage value.

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.)