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

###### Question:

You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per = $43.70 abalone Variable costs per -$10.80 abalone Fixed costs per year Depreciation per year = $462,000$137,000 Tax rate = 22% The discount rate for the company is 14 percent, the initial investment in equipment is \$959,000, 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., 32.16.) 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.) Answer is complete but not entirely correct. Accounting break-even level a. 18,206.69 units b. Financial break-even level 22,589 27 units

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