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(Answered)-You are considering investing in a company that cultivates


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


?

Sales price per abalone ?= ?$34.10
Variable costs per abalone ?= ?$5.20
Fixed costs per year ?= ?$366,000
Depreciation per year ?= ?$111,000
Tax rate ?= ?40%


?

The discount rate for the company is 14 percent, the initial investment in equipment is $888,000, and the project?s economic life is eight years. Assume the equipment is depreciated on a straight-line basis over the project?s life.


?

a.

What is the accounting break-even level for the project? (Do not round intermediate calculations and round your answer to the nearest whole number (e.g., 32).)

 


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DATE ANSWERED

Oct 07, 2020

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