Shanes toys inc just purchased a 350000 machine to produce, Ask an Expert

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Shane's Toys, Inc., just purchased a $350,000 machine to produce toy cars. The machine will be fully depreciated by the straight-line method over its five-year economic life. Each toy sells for $25.

The variable cost per toy is $11, and the firm incurs fixed costs of $272,000 each year. The corporate tax rate for the company is 34 percent.

The appropriate discount rate is 12 percent. What is the financial break-even point point for the project? (Do not round intermediate calculations and round your final answer to nearest whole number (e.g., 32).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92822025

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