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The required investment cost of a new, large shopping center is $48 million. The salvage value of the project is estimated to be $25

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The required investment cost of a new, large shopping center is $48 million. The salvage value of the project is estimated to be $25 million (the value of the land). The project's life is 16 years and the annual operating expenses are estimated to be $15 million. The MARR for such projects is 22% per year. What must the minimum annual revenue be to make the shopping center a worthwhile venture? Click the icon to view the interest and annuity table for discrete compounding when the MARR is 22 per year. To make the shopping center a worthwhile venture, the minimum annual revenue must be $ million per year. (Round to three decimal places.) Given P Given F Given A Given A Given F Given P N12345678 FIP PIF FIA PIA A/F AIP 1.2200 0.8197 1.0000 0.8197 1.0000 1.2200 1.4884 0.6719 2.2200 1.4915 0.4505 0.6705 1.8158 0.5507 3.7084 2.0422 0.2697 0.4897 2.2153 0.4514 5.5242 2.4936 0.1810 0.4010 2.7027 0.3700 7.7396 2.8636 0.1292 0.3492 3.2973 0.3033 10.4423 3.1669 0.0958 0.3158 4.0227 0.2486 13.7396 3.4155 0.0728 0.2928 4.9077 0.2038 17.7623 3.6193 0.0563 0.2763 9 5.9874 0.1670 22.6700 3.7863 0.0441 0.2641 10 7.3046 0.1369 28.6574 3.9232 0.0349 0.2549 11 8.9117 0.1122 35.9620 4.0354 0.0278 0.2478 12 10.8722 0.0920 44.8737 4.1274 0.0223 0.2423 13 13.2641 0.0754 55.7459 4.2028 0.0179 0.2379 14 16.1822 0.0618 69.0100 4.2646 0.0145 0.2345 15 19.7423 0.0507 85.1922 4.3152 0.0117 0.2317 16 24.0856 0.0415 104.9345 4.3567 0.0095 0.2295 17 29.3844 0.0340 129.0201 4.3908 0.0078 0.2278 18 35.8490 0.0279 158.4045 4.4187 0.0063 0.2263 19 43.7358 0.0229 194.2535 4.4415 0.0051 0.2251 20 53.3576 0.0187 237.9893 4.4603 0.0042 0.2242

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