What is the financial break even point

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Reference no: EM132071038

Miller Tools is considering a new project that requires an initial investment of $81,300 for fixed assets, which will be depreciated straight line to zero over the projects 3 year life. The project is expected to have fixed costs of $37,600 a year, and a contribution margin of $18.40. The tax rate is 34 percent and the discount rate is 15 percent. What is the financial break even point.

Reference no: EM132071038

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