The management of Leahy Enterprises is currently evaluating the following investment proposal: Year 1 Year 2 Year 3 Year 4 Time 0 $300,000 Initial investment Net operating cash flows $100,000 $100,000 $100,000 $100,000 1 Present Value of an Annuity of $1 Period 8% 10% 12% 14% 16% 18% 0.82593 0.90909 0.89286 0.87719 0.86207 0.84746 2 1.78326 1.73554 1.69005 1.64666 1.60523 1.56564 3 2.57710 2.48685 2.40183 2.32163 2.24589 2.17427 4 3.31213 3.16987 3.03735 2.91371 2.79818 2.69006 Given the amount of the initial investment, the minimum annual net cash inflows required to obtain an internal rate of return of 16 percent. (Round the answer to the nearest dollar.) 1) $100,000 O2) $107,213 3) $300,000 4) $142,950