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

Sales price per abalone	=	$44.50
Variable costs per abalone	=	$11.20
Fixed costs per year	=	$494,000
Depreciation per year	=	$121,000
Tax rate	=	25%

The discount rate for the company is 17 percent, the initial investment in equipment is $968,000, 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.)