You plan to submit a competitive bid for a project with a life of 4 years that will require $64,000 of fixed assets. These assets will be depreciated straight-line to zero over the project's life and will have zero salvage value. Net working capital is unaffected and there is no interest expense. However, annual cash costs will be $34,600. The relevant discount rate is 14% and the tax rate is 21%. What is the minimal required amount of annual sales revenue? $5,965.11 $58,150.77 $72,374.71 $21,965.11 $41,821.16