Congaree Inc. is considering the purchase of a machine that promises to reduce operating

costs by the same amount for every year of its $5-$year useful life. The machine will cost

$$213,180$ and has no salvage value. The machine has a $14\%$ internal rate of return. $($Ignore

income taxes.$)$

Use the documents provided in the instructions to determine the appropriate discount

factor$($s$).$

What are the annual cost savings promised by the machine?

Responses should be formatted as a whole number with a dollar sign at the beginning, commas

separating appropriate increments, and parentheses indicating negative amounts, losses, or

outflows. For example: $$1,000$ would signify income and $)$ would signify a loss. Please do

not include any words in your response, and please do not include cents $($i$.$e$.,\mathrm{.}00).$

Please note that you MUST format your response exactly as directed in order to receive credit. I will

give partial credit for correct numbers with incorrect formatting.