Business, 15.10.2020 08:01 eden1017

Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of six years. The depreciation schedule for the machine is straight-line with no salvage value. The machine costs $750,000. The sales price per pair of shoes is $61, while the variable cost is $15. $175,000 of fixed costs per year are attributed to the machine. Assume that the corporate tax rate is 35 percent and the appropriate discount rate is 9 percent. Required:
What is the financial break-even point?

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Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an...