Acme Company is evaluating a project that requires an initia…
Acme Company is evaluating a project that requires an initial investment of $225,000 and has a useful life of 6 years and a salvage value of $50,000. Acme uses a discount rate of 16% to make capital budgeting decisions. What is the minimum amount of annual net cash inflows that would make this project acceptable? Round to the nearest whole dollar amount.