Your uncle is considering investing in a new company that will produce high quality stereo speakers. The sales price would be set at 1.70 times the variable cost per unit; the variable cost per unit is estimated to be $75.00; and fixed costs are estimated at $1,170,000. What sales volume would be required to break even, i.e., to have EBIT = zero?
A. 23,400
B. 25,851
C. 18,051
D. 17,160
E. 22,286
Answer: E
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