7 24 A company provides the following data for a capital budgeting project currently under consideration: Initial investment $10,000 Annual cash flow ???? Salvage value $0 8 years Life of the project Required rate of return 14% Net present value $1,300 What is the annual cash flow associated with this investment? (Note: There may be rounding error depending on the discount factor you use. Choose the answer closest to the one you calculate.) $4,024