Which one of the following statements is correct?
a. At the accounting break-even level, the pretax profit is equal to the aftertax profit.
b. The contribution margin is equal to sales minus fixed costs.
c. Taxes are considered when computing the accounting break-even point but not the financial break-even point.
d. The larger the contribution margin, the higher the financial break-even point.
e. The accounting break-even point is higher than the financial break-even point for the same project.