Annual energy costs are rising at 17%/year, while general inflation is running 3.9%. Allied Energy offers an energy-saving device that would have saved $1,500 last year, with savings proportional to energy costs. What will be the present worth of the total energy savings if the estimated life of this device is the next 10 years and money has a combined time value (considering general inflation and real return) of 9%? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. Click here to access the TVM Factor Table Calculator Save for Later Attempts: 0 of 1 used Submit