Question $8$

In working on a bid project, you have determined that $$318,000$ of fixed assets

are required. These assets will be depreciated straight$-$line to zero over the $6-$

year life of the project. Ignore bonus depreciation. The discount rate is $18$

percent, the tax rate is $21$ percent, and there is no interest expense. In addition,

the annual cash costs will be $$217,880\mathrm{.}64.$ After considering all the project's

other cash flows, you have determined that the required operating cash flow is

$$92,400.$ What is the required amount of annual sales revenue?

$$284,849\mathrm{.}92$

$$302,006\mathrm{.}64$

$$299,811\mathrm{.}17$

$$301,073\mathrm{.}42$