Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You are working for Toyota and trying to determine how many of their newest model of electric vehicle they will need to sell to break even. These cars will sell for $55,000 a piece. To manufacture this model, you will need to purchase a new production facility that will cost $150,000,000. The cost of materials for a single EV is $21,000, and the cost of labor is $8,000. How many of these cars will Toyota need to sell to breakeven?
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