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A proposed cost-5aving device has an installed cost of $755,000. The device will be used in a five-year project but is classitied as rate is

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A proposed cost-5aving device has an installed cost of $755,000. The device will be used in a five-year project but is classitied as rate is 24 percent, and the project discount rate is 11 percent. The device has an estimated Year 5 salvage value of $97,000. What iever of pretox cont savings do we require for this project to be profitable? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces, e.g, 32.16

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