Your company is considering adding a new product line. The new equipment cost is $432,000 per year with a salvage value of $27,000 at the end of year 5. The variable cost per unit of the new product line will be $24.50 and the overhead cost per year to be $58,500. If the company uses a 5-year planning horizon and the price of the product is $59.75, how many units are needed to break even?

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.