You are considering investing in a company that cultivates abalone for sale to local restaurants.
Use the following Information:
- Sales price per abalone = $80
- Variable cost per abalone = $5.40
- Fixed cost per year = $750.000
- Deprecation per year = $51,429
- Tax Rate 35%
What is the accounting break-even level for the project? Do not us a comma in your numerical answer.