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Your company is developing a new dog tracking device called the DOGPS. Development costs are estimated to be $200,000. Your MARR is 20% APR compounded
Your company is developing a new dog tracking device called the DOGPS. Development costs are estimated to be $200,000. Your MARR is 20% APR compounded monthly, and you are looking for a break-even point of 3 years. If sales are uniform for each month (equal amount of sales each month), the price of the unit is $89, and your net profit on each unit is $15, what is your monthly sales quota to break even in 3 years. Show your cash flow diagram, equivalence equations, and sales quota.
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