please show all work not using excel

LU UL TULUI 25. Break-Evcd Taxes [LO3] This problem concerns the effect of taxes on the CHALLENGE various break even measures. (Questions 25-30) a. Show that, when we consider taxes, the general relationship between operating cash flow, OCF, and sales volume, Q. can be written as: OCF - T. XD 1-Te P-V b. Use the expression in part (a) to find the cash, accounting, and financial break- even points for the Wettway sailboat example in the chapter. Assume a 21 percent FC + tax rate. 380 PART 4 Capital Budgeting c. In part (b), the accounting break-even should be the same as before. Why? Verify this algebraically. LU UL TULUI 25. Break-Evcd Taxes [LO3] This problem concerns the effect of taxes on the CHALLENGE various break even measures. (Questions 25-30) a. Show that, when we consider taxes, the general relationship between operating cash flow, OCF, and sales volume, Q. can be written as: OCF - T. XD 1-Te P-V b. Use the expression in part (a) to find the cash, accounting, and financial break- even points for the Wettway sailboat example in the chapter. Assume a 21 percent FC + tax rate. 380 PART 4 Capital Budgeting c. In part (b), the accounting break-even should be the same as before. Why? Verify this algebraically