Blue Spruce Company is considering a capital investment of $$442,600$ in additional equipment. The new equipment is expected to have a useful life of $8$ years with no salvage value. Depreciation is computed by the straight$-$line method. During the life of the investment, annual net income and cash flows are expected to be $$46,000$ and $$86,000,$ respectively. Blue Spruce requires a $10\%$ return on all new investments.

$\backslash$table$[[,$Present Value of an Annuity of $1,],[$Period$,8\%,9\%,10\%,11\%,12\%,15\%$