Valerie just completed analyzing a project. Her analysis indicates that the project will have a six-year life and require an initial cash outlay of $320,000. Annual sales are estimated at $589,000 and the tax rate is 34 percent. The net present value is a negative $320,000. Based on this analysis, the project is expected to operate at the:A. Maximum possible level of production.B. Minimum possible level of production.C. Financial break-even point.D. Accounting break-even point.E. Cash break-even point.
