What is the financial break-even point of the project

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Egmont Corporation is considering the following project. Assume that the corporate tax rate is 21% and the firm's discount rate is 10%.

  • Duration of the project: 7 years
  • Initial investment: $700,000
  • Price per unit: $1,100.00
  • Variable cost per unit: $628.00
  • Annual fixed costs: $150,000

What is the financial break-even point of the project?

Reference no: EM133118459

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