Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $$14,500$ per year. An emission reduction filter will cost $$80,000$ and will have an expected life of $5$ years. Carlisle's MARR is $15\frac{\%}{y}$ear.

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Part a

What is the present worth of this investment? $

Carry all interim calculations to $5$ decimal places and then round your final answer to the nearest dollar. The tolerance is $+-5.$