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How many years will it take you to pay off a loan of $18390 if you make semiannually payments of $6600 and the bank is charging you 7% annually? (Express your answer to two decimal places.)

The following estimates have been prepared for a project:

Fixed costs: $3,600

Depreciation: $2,400

Sales price per unit: $2

Accounting Break-even units: 24,000 units

What must be the variable cost per unit? (Round your answer to 2 decimal places.)

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