Please, try not to use Excel or any Computer to solve this problem. Use formulas, math and written explanation to solve the problem. Make sure the answers are well written, clear, and easy to understand. Thanks.

You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per = $43.30 abalone Variable costs per = $10.60 abalone Fixed costs per year = $446,000 Depreciation per year = $133,000 Tax rate = 23% The discount rate for the company is 15 percent, the initial investment in equipment is $931,000, and the project's economic life is 7 years. Assume the equipment is depreciated on a straight-line basis over the project's life and has no salvage value. a. What is the accounting break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the financial break-even level for the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) units a. Accounting break-even level b. Financial break-even level units