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Miller Tools is considering a new project that requires an initial investment of $82,600 for fixed assets, which will be depreciated straight-line to zero over the project's 4-year life. The project is expected to have fixed costs of $41,200 a year and a contribution margin of $22.80. The tax rate is 34 percent and the discount rate is 10 percent. What is the financial break-even point?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91784811

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