Xavi sells seashore paintings, his annual Fixed Costs are $1,000 and the Variable Costs are $9 per canvas. The Market Size for the souvenir paintings in his area is 2,500 canvases, and Xavi wants to achieve a Market Share of 8%.
Xavi is considering advertising his artwork in a local gallery, the cost of which is $80 per month. What would the new annual break-even revenue (in dollars) if he continues to sell his pieces for $15?