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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 399 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016

Show transcribed image text You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price par abalone = $80 Variable cost per aa one = $5.40 Fixed cost per year = $750,000 Deprecation per year = $51,429 Tax Rate = 35% The discount rate for the company is 15 percent, the Initial investment in equipment is $360,000, and the projects economic lite is 7 years. Assume the equipment is depreciated on a straight-line basis over the projects life ($51,429 per year). What is the Financial Break-Even level for the project? Do not use a comma in your numerical answer.
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