The Financial Calculator Company proposes to invest $12 million in a new calculator-making plant. Fixed costs are $3 million per year. A financial calculator costs $10 per unit to manufacture and sells for $20 per unit. If the plant lasts for four years and the cost of capital is 20 percent, the break-even level of annual sales is ___ units.

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To find the breakeven level of annual sales we need to calculate the number of units the company nee... View the full answer