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Blossom Corp. has an 8% required rate of return. Its considering a project that would provide annual cost savings of $72000 for 5 years. The

Blossom Corp. has an 8% required rate of return. Its considering a project that would provide annual cost savings of $72000 for 5 years. The most that Johnson would be willing to spend on this project is

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Present Value of 1 at 8% Year PV of an Annuity of 1 at 8% 0.926 1.783 2.577 3.312 3.993 0.926 0.857 0.794 0.735 0.681 3 5 $49032. $238464. $287496. $181310

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