Consider a project with the following data: ...
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Accounting
Consider a project with the following data:
|
|
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| Price | R67 |
| Initial Investment | R12 000 |
| Useful life | 3 yrs |
| Fixed costs | R6 000 |
| Variable costs per unit | R37/unit |
| Required return | 15% |
| PVIFA (15%, 3yrs) | 2.8550 |
Ignore the effect of taxes. REQUIRED: 2.3 What is the financial breakeven quantity? (14 marks)
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