Question: As a project manager for The Nature Conservancy (TNC), you need to determine whether to purchase a large tract of land in northwestern Minnesota and convert it to native prairie. The TNC plans to keep the land indefinitely. It will cost you $400 per acre to purchase the land, $250 per acre to establish native prairie cover (established immediately after you acquire the property), and annual property taxes will be $3 per acre (tax payments start next year). Assuming benefits from the property begin in one year, what annual benefit needs to be generated in order to make this project's NPV = 0? Assume the TNC's discount rate is 9.5 percent per year?