After long negotiations, the long negotiations, the IOC decided to lend Kane exist600,000 at t = 0. The project went ahead. After the research and development stage was completed (at t = 4) but before the investment was made, the IOC decided to cancel race walking as an Olympic event. As a result, Kane is expecting a large drop in sales of the SWS shoes. What is the minimum number of shoes Kane has to sell annually for the project to be profitable in each of the following two cases:
(a) If, in the event of cancellation, the original loan term continues?
(b) If, in the event of cancellation, the company has to return the outstanding debt to the IOC immediately?