Barbara Thompson is considering the purchase of a piece of business rental property containing stores and offices at a cost of $350,000. Barbara estimates that annual receipts from rentals will be $55,000 and that annual disbursements, other than income taxes, will be about $18,000. The property is expected to appreciate at the annual rate of 5%. Barbara expects to retain the property for 20 years once it is acquired. Then it will be depreciated on the basis of the 39‐year real‐property class (MACRS), assuming that the property would be placed in service on January 1. Barbara’s marginal tax rate is 30%, and her MARR is 10%. What would be the minimum annual total of rental receipts that would make the investment Break even?