HMV Ltd has the following information on its new prospective project: Initial investment: $750 Depreciation:...
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HMV Ltd has the following information on its new prospective project: Initial investment: $750 Depreciation: Straight-line depreciation to zero over five years Fixed costs: $345 per year Variable costs: $4.2 per unit Price: $8.7 per unit Discount rate: 10% Project life: 5 years Tax rate: 30% Calculate the accounting break-even point (quantity)
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