Miller tools is considering a new project that requires an, Ask an Expert

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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 projects 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 financial break even point.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93058512

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