4. (1 point) River Corporation wants to purchase a new machine for its plant. The new machine is expected to generate annual after tax cash savings of $300,000 for four years. The machine will have no residual value at the end of its useful life. The company has a required rate of return of 12% and a tax rate of 35%. What is the maximum dollar amount River Corporation would be willing to spend for the new machine? Round your answer to the nearest dollar.

a. $300,000

b. $336,000

c. $592,283

d. $911,205

e. $683,404

f. $599,084

g. $672,014

h. None of the above

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