A company would like to try using new technology to build solar-powered skylights as part of its new 8-year project. It will be necessary to immediately invest $460,000 to buy the required solar panels, which will have a 8-year economic life and depreciate at the same rate each year. The solar panels will be worthless at the end of this project.

The company also estimates the following: - Annual fixed production costs will equal $48,000, - An additional cost, a.k.a. variable cost, per each manufactured skylight will equal $3,700, - Each manufactured skylight can be sold for $4,200.

The company falls into a 30% tax bracket. The required annual rate of return for this project is 7%.

Answer the following two questions:

(1) The minimum number of skylights that this company would need to manufacture and sell each year in order to break even in the "financial" sense equals true; false; 216.70;225.05;246.60;266.81;274.54;315.60 skylights. Select a numeric value.

(2) True or false? The lower the initial investment, the more skylights the company would need to sell to break even in the "financial" sense. This statement is true; false;216.70; 225.05;246.60;266.81;274.54;315.60. Select true or false.