The company incurs costs of $20.3 million regardless of the
output level. It sells 5.73 million units of its product at the
price of $8.56, and its total variable costs are $12.61 million.
The company has $31 million of debt with an annual interest rate of
4.02%. What is the EBIT break-even point in sales dollars, in $
millions, to the nearest $0.01 million? Drop the $ symbol. E.g., if
your answer is $26,666,667, record it as 26.67.
Blank 1. Calculate the answer by read surrounding text.
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