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Dole Enterprise is considering an investment project with the following information: Initial investment: $1,700,000; Fixed...

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Accounting

Dole Enterprise is considering an investment project with the following information: Initial investment: $1,700,000; Fixed costs: $350,000; Variable costs: $10.20 per unit; Selling price: $31.80 per unit; Discount rate: 16 percent; Project life: 6 years; Tax rate: 25 percent. Fixed assets are depreciated using straight-line depreciation over the project's life. What is the financial break-even point?

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