anner Corporation is considering the acquisition of a new machine that is expected to produce annual savings in cash operating costs of $55,000 before income taxes. The machine costs $150,000, has a useful life of five years, and no salvage value. Tanner uses straight-line depreciation on all assets, is subject to a 10% income tax rate, and has an after-tax hurdle rate of 10%. Year FV of $1 at 10% FV of an ordinary annuity at 10% PV