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

Sales price per abalone	=	$44.90
Variable costs per abalone	=	$11.40
Fixed costs per year	=	$510,000
Depreciation per year	=	$105,000
Tax rate	=	24%

The discount rate for the company is 16 percent, the initial investment in equipment is $945,000, and the projects economic life is 9 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.)

a. Accounting break-even level: 18,358.21

b. Financial break-even level: ???

***I have a correct, need help with b.

**Answer for b is NOT 21,240.20. Thanks!!