You are considering investing in a company that cultivates abalone for sale to local

restaurants. Use the following information:

Sales price per

abalone

Variable costs per

abalone

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.

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$.,32\mathrm{.}16.)$

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$.,32\mathrm{.}16.)$