L.J.’s Toys has just purchased a £200,000 machine to produce toy cars. The machine will be fully depreciated using 20 per cent reducing balances over its 5-year economic life. Each toy sells for £25. The variable cost per toy is £5, and the firm incurs fixed costs of £350,000 each year. The corporate tax rate for the company is 25 per cent. The appropriate discount rate is 12 per cent. What is the financial break-even point for the project?