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Business, 05.07.2020 01:01 acharity196

North Dakota Knapsacks, Inc. makes high quality backpacks. Each pack can be sold to an outdoor gear distributor for $43. The variable cost of producing each pack is $29. The company's cash-based fixed costs (such as managers' salaries, building rent, some components of utilities and insurance) total $2,450,000 per year. The machinery used in the manufacturing originally cost the company $10,850,000, and was expected to have a 7. year useful life. North Dakota's managers feel that the weighted average cost of capital for the company's typical investment projects is 9.3% per year. What number of backpacks sold constitutes the company's annual Financial Break-Even Point?a. 64,271.39 b. 8.330,538.57 c. 19,461.43 d. 312,285.71 e. 532,442.96

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