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What number of sets sold constitutes

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Question - Pecan Leisure, Inc. makes wooden croquet sets suitable for sale at discount stores. Each set can be sold to a sporting goods distributor for $39. The variable cost of producing each set is $21. The company's cash-based fixed costs (such as managers' salaries, building rent, some components of utilities and insurance) total $4,850,000 per year. The machinery used in the manufacturing originally cost the company $6,300,000, and was expected to have a 7-year useful life. Pecan's managers feel that the weighted average cost of capital for the company's typical investment projects is 8.4% per year. What number of sets sold constitutes the company's annual Financial Break-Even Point?

Reference no: EM132956242

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