Anew order entry system at your firm is expected to produce the following annual cost savings by the end of each of the next five years. (Cost savings would be the equivalent of positive cash flow for your firm.) If your firm's opportunity cost of capital is 12.5%, what is the maximum amount you would expect to pay for this new system?

• Year 1: $15,000
• Year 2: $22,000
• Year 3: $46,000
• Year 4: $52,000
• Year 5: $52,000