Bruno's Lunch Counter is expanding and expects operating cash flows of $$24,300$ a year for $4$ years as a result. This expansion requires $$48,000$ in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $$3,000$ of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of $15$ percent? A project with an initial investment of $$433,700$ will generate equal annual cash flows over its $9-$year life. The project has a required return of $7\mathrm{.}6$ percent. What is the minimum annual cash flow required to accept the project?