The required investment cost of a new, large shopping center is $47 million. The salvage value of the project is estimated to be $15 million (the value of the land). The project's life is 19 years and the annual operating expenses are estimated to be $14 million. The MARR for such projects is 20% 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 20% per year. To make the shopping center a worthwhile venture, the minimum annual revenue must be $ million per year. (Round to three Reference Factor To Find F Given P Given F Given A Single Payment Compound Amount Discrete Compounding; i = 20% Compound Amount Present Worth Factor Uniform Series Sinking Fund Factor Capital Recovery Factor Present Worth Factor To Find P Factor To Find F To Find P To Find A To Find A Given P Given A Given F N FIP PIF FIA PIA AIF A/P 1 1.2000 0.8333 1.0000 0.8333 1.0000 1.2000 2 1.4400 0.6944 2.2000 1.5278 0.4545 0.6545 1.7280 0.5787 3.6400 2.1065 0.2747 0.4747 4 2.0736 0.4823 5.3680 2.5887 0.1863 0.3863 5 2.4883 0.4019 7.4416 2.9906 0.1344 0.3344 6 2.9860 0.3349 9.9299 3.3255 0.1007 0.3007 3.5832 0.2791 12.9159 3.6046 0.0774 0.2774 8 4.2998 0.2326 16.4991 3.8372 0.0606 0.2606 5.1598 0.1938 20.7989 4.0310 0.0481 0.2481 10 6.1917 0.1615 25.9587 4.1925 0.0385 0.2385 11 7.4301 0.1346 32.1504 4.3271 0.0311 0.2311 12 8.9161 0.1122 39.5805 4.4392 0.0253 0.2253 13 10.6993 0.0935 48.4966 4.5327 0.0206 0.2206 14 12.8392 0.0779 59.1959 4.6106 0.0169 0.2169 15 15.4070 0.0649 72.0351 4.6755 0.0139 0.2139 16 18.4884 0.0541 87.4421 4.7296 0.0114 0.2114 17 22.1861 0.0451 105.9306 4.7746 0.0094 0.2094 18 26.6233 0.0376 128.1167 4.8122 0.0078 0.2078 19 31.9480 0.0313 154.7400 4.8435 0.0065 0.2065 20 38.3376 0.0261 186.6880 4.8696 0.0054 0.2054 Print Done 10 Next