Market obtain to avoid net loss on income statement

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Reference no: EM13910868

The Corner Market has fixed costs of $1,600, depreciation of $1,200, a tax rate of 35%, and a cost of capital of 12%. Variable costs represent 67% of sales. What minimum level of sales must the market obtain to avoid a net loss on its income statement?

$8,484.85

$6,666.67

$7,033.33

$7,867.67

Reference no: EM13910868

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