Question: Ontario Bikes is thinking of developing a new e - bike that would be adapted to the Canadian winters. Developing the new bike will cost

Ontario Bikes is thinking of developing a new e-bike that would be adapted to the Canadian winters. Developing the new bike will cost $15 million dollars and Ontario Bikes thinks that the new product will have a product life cycle of 8 years (i.e., sales of the e-bike will cease after seven years). Assume that the cost of capital is 10% and that each bike can be sold for a $1,200 profit. How many bikes must be sold per year for this project to break-even? Round your answer to next highest integer (e.g., if your answer is 9.15, then choose 10)
Question 2 options:
2517
2192
None of the above
1239
2739

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