b) Your company has asked you to analyze the purchase of a new machine. The machine will cost $1000,000 and have an operating and maintenance cost that starts at $40,000 the first year and increases...

Extracted text: b) Your company has asked you to analyze the purchase of a new machine. The machine will cost $1000,000 and have an operating and maintenance cost that starts at $40,000 the first year and increases by $10,000 each year. Assume the salvage value at the end of 10 years is $20,000 and the interest rate is 18% per year. What is the required annual revenue for this project to break even?