Eastman Publishing Company is considering publishing a paperbadk textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is...

Eastman Publishing Company is considering publishing a paperbadk textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to be $160,000. Variable production and material costs are estimated to be $6 per book. Demand over the life of the book is estimated to be 4000 copies. The publisher plans on selling the text to college and university bookstores for $46 each.

a. What is the breakeven point?