20. Wensum Ltd is about to launch a new service which is expected to generate a gross profit of 40% on sales. The fixed costs associated with this service are expected to be 40,000 per month during the first six months and 30,000 per month thereafter. Additional variable selling expenses are expected to be 5% of sales. Calculate the annual sales needed to achieve a net profit of 230,000 in the first year from the new service. A. 657,143 B. 1,000,000 C. 1,444,444 D. 1,857,143 Then explain this question: Which of the following hurdles is likely to lead to the acceptance of the greatest number of projects for most companies? Acceptable projects must have A a Net Present Value (NPV) which is greater than zero B. an Internal Rate of Return (IRR) that is greater than zero C. a payback period that is less than two years D. an Accounting Rate of Return (ARR) that is twice the existing return on capital employed