Bridgeport Bottling Corporation is considering the purchase of a new bottling machine. The machine would cost $$340,000$ and has an

estimated useful life of $8$ years with zero salvage value. Management estimates that the new bottling machine will provide net annual

cash flows of $$59,500.$ Management also believes that the new bottling machine will save the company money because it is expected

to be more reliable than other machines, and thus will reduce downtime.

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How much would the reduction in downtime have to be worth in order for the project to be acceptable? Bridgeport's discount rate is

$9\%.($Use the above table.$)($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.5,275.)$

Reduction in downtime would have to have a present value