Garnet Enterprises is considering an investment in new equipment that would allow the company to offer new services to its clients. The equipment costs $1,650,000, has a useful life of 8 years, and has a salvage value of $270,000. If Garnet purchases the new equipment, it can sell its old equipment for $140,000. What annual net cash inflow must be generated by this investment in order to achieve a simple rate of return of 8% ? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89 , not $89.00 )