What is the financial breakeven point

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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 project's 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 finasncial breakeven point?

Reference no: EM132770464

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