U.S. Steel is considering a plant expansion to produce austenitic, precipitation hardened,duplex, and martensitic stainless steel round bars that is expected to cost $17 million nowand another $10 million 1year from now. If total operating costs will be $1.3 million peryear starting 1year from now, and the estimated salvage value of the plant is virtuallyzero, how much must the company make annually in years 1 through 10 to recover itsinvestment plus a return of 16% per year? The companymust make$ million annually in years 1 through 10 to recover its investment plus a return of 16% per year.