A company’s management is considering investing in a project that has an expected life of four years. It has a positive net present value of N$180 000 when cash flows are discounted at eight percent per annum. The project’s cash flows include a cash outflow of N$100 000 for each of the four years. No tax is payable on projects of this type.

Calculate the percentage increase in the annual cash outflow that would cause the company’s management to reject the project from a financial perspective to the nearest whole number