You are considering purchasing a CNC machine which costs $180,000. This machine will have an estimated service life of 11 years with a net after-tax salvage value of $18,000. Its annual after-tax operating and maintenance costs are estimated to be $43,000. To expect an 20% rate of return on investment, what would be the required minimum annual after-tax revenues?

The required minimum annual after-tax revenues would be () thousand. (Round to one decimal place.)

10 11 12 13 14 15 Single Payment Equal Payment Series Compound Present Compound Sinking Worth Amount Fund Factor Factor Factor Present Amount Worth Factor Factor (FIP, i, N) (P/F, i, N) (FA, i, N) (A/F, i, N) (PA, i, N) 2000 0.8333 0.8333 0000 1.0000 4400 0.6944 2.2000 5278 0.4545 1.7280 3.6400 0.2747 2.1065 0.5787 0.4823 2.0736 5.3680 2.5887 0.1863 2.4883 7.4416 2.9906 0.4019 0.1344 2.9860 12.9159 3.6046 0.0774 16.4991 3.8372 A 0310 20.7989 25.9587 32.1504 7.4301 4.3271 0.1346 0.0311 4.4392 8.916 39.5805 0.0253 0.11 22 10.6993 0.0935 48.4966 0.0206 4.5327 12.8392 0.0779 59.1959 4.6106 0.0169 0.0139 72.0351 15.4070 0.0649 4.6755 Capital Recovery Factor (AMP, i, N) 1.2000 0.6545 0.4747 0.3863 0.3344 0.2311 0.2253 0.2206 0.2169 0.2139