You have developed a project that uses a new management practice for addressing the oak wilt ... Question: You have developed a project that uses a new management practice for addressing the oak wilt prob... You have developed a project that uses a new management practice for addressing the oak wilt problem in your city. The NPV and expected life of the project are $100,000 and 8 years, respectively. What minimum annual benefit is needed in order to justify this project when using a 5% discount rate (i.e., what is the annual equivalent of this investment)? Note the annual benefits will start in one year. Need formula and solution please!