A firm is considering a project with the following forecasts:

		The initial after-tax cash outflow will be $230,000 and the appropriate CCA rate is 30 percent, with the half-year rule applicable in the first year.
		There is no terminal loss or CCA recapture associated with the project.
		Annual operating after-tax cash flows are $50,000.
		The project will last 8 years, and the equipment has an estimated salvage value of $50,000.
		The firms required return is 11 percent.
		The firm pays taxes at a marginal rate of 40 percent.

Determine the NPV break-even amount for the annual operating after-tax cash flow. (Do not round intermediate. Round final answers to 0 decimal places, e.g., 2,345. )