You are considering an investment that costs $6.000. It is expected to have a useful life of 3 years. You are very confident about the revenues during the first and the second year, but you are unsure about the revenue in year 3. If you hope to make at least a 12% rate of return on your investment ($6,000), what should be the minimum revenue in year 3? A new investment project is proposed. The required initial investment is $150,000 and the expected salvage value is $15,000 at the end of 3 years. A 12% return on investment is desired. What should be the minimum annual net cash flows over three years? Given: cash flow series, rate of return = 12%, N = 3 years Find: X, When PW = 0