Question: You are considering purchasing a CNC machine which costs $150,000. This machine will have an estimated service life of 9 years with a net after-tax

You are considering purchasing a CNC machine which costs $150,000. This

You are considering purchasing a CNC machine which costs $150,000. This machine will have an estimated service life of 9 years with a net after-tax salvage value of $15,000. Its annual after-tax operating and maintenance costs are estimated to be $46,000. To expect an 20% rate of return on investment, what would be the required minimum annual after-tax revenues? Click the icon to view the interest factors for discrete compounding when i = 20% per year. The required minimum annual after-tax revenues would be $thousand. (Round to one decimal place.)

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