3. Petroleum Products, Inc., is a pipeline company that provides petroleum products to wholesalers in the northern United States and Canada.The company isconsidering purchasing insertion turbine flowmeters to allow for better monitoring of pipeline integrity. If these meters would prevent one major disruption (through early detection of product loss) valued at $600,000 four years from now, how much could the company afford to spend now at an interest rate of 12% per year?