L.J's Toys Inc. just purchased a $435 000 machines 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 $289 000 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 for the project? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)