Question: North Dakota knapsacks, Inc, makes high quality backpacks. Each pack can be sold to an outdoor gear distributor for $43. The variable cost of producing

North Dakota knapsacks, Inc, makes high quality backpacks. Each pack can be sold to an outdoor gear distributor for $43. The variable cost of producing each pack is $29. The company's cash-based fixed costs (such as managers' salaries, building rent, some components of utilities and insurance) total $2,450,000 per year. The machinery used in the manufacturing originally cost the company $10,850,000, and was expected to have a 7- year useful life. North Dakota's managers feel that the weighted average cost of capital for the company's typical investment projects is 9.3% per year. What number of backpacks sold constitutes the company's annual Operating (also called Accounting) Break-Even Point? [In subsequent question 10 you will compute the annual Financial Break-Even Point.] A. 64.285.71 OB 135, 714.29 C. 55,555,56 OD 800,000.00 Base Select D

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