A proposed cost saving device has an installed cost of $760,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax! purposes. The required initial net working capital investment is $65,000, the marginal tax rate is 25 percent, and the project discount rate is 8 percent. The device has an estimated Year 5 salvage value of $100,000. What level of pretax cost savings do we require for this project to be profitable? MACRS schedule (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pretax cost savings $ 278 287 92 nces A proposed cost saving device has an installed cost of $760,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax! purposes. The required initial net working capital investment is $65,000, the marginal tax rate is 25 percent, and the project discount rate is 8 percent. The device has an estimated Year 5 salvage value of $100,000. What level of pretax cost savings do we require for this project to be profitable? MACRS schedule (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pretax cost savings $ 278 287 92 nces