A proposed project will provide the capability to produce a specialized product estimated to have a short market (sales) life. Based on an after-tax analysis using the PW method, what minimum amount of equivalent uniform annual revenue is required to justify the project economically? GDS Recovery Rates (r) Year 3-year Property Class 1 0.3333 2 0.4445 3 0.1481 4 0.0741 Discrete Compounding; 1= 10% Single Payment Uniform Series Compound Compound Sinking Amount Present Amount Present Fund Factor Worth Factor Factor Worth Factor Factor To Find F To Find P To Find F To Find P To Find A Given P Given F Given A Given A Given F FIP PIF FIA PIA AIF 1.1000 0.9091 1.0000 0.9091 1.0000 1.2100 0.8264 2.1000 1.7355 0.4762 1.3310 0.7513 3.3100 2.4869 0.3021 1.4641 0.6830 4.6410 3.1699 0.2155 1.6105 0.6209 6.1051 3.7908 0.1638 N 1 2 3 4 5 Capital Recovery Factor To Find A Given P AP 1.1000 0.5762 0.4021 0.3155 0.2638 Capital investment is $900,000. (This includes land and working capital.) The cost of depreciable property, which is part of the $900,000 total estimated project cost, is $400,000. Assume, for simplicity, that the depreciable property is in the MACRS (GDS) three-year property class. The analysis period is three years. Annual operating and maintenance expenses are $582,000 in the first year, and they increase at the rate of 8% per year (i.e., f = 8%) thereafter. Estimated MV of depreciable property from the project at the end of three years is $230,000. Federal income tax rate = 27%; state income tax rate = 3%. MARR (after taxes) is 10% per year. Use the half-year time convention for depreciation in the last year. A proposed project will provide the capability to produce a specialized product estimated to have a short market (sales) life. Based on an after-tax analysis using the PW method, what minimum amount of equivalent uniform annual revenue is required to justify the project economically