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(CPA, adapted) Delta Co. is investing in a machine with a 3-year life. The machine is expected to reduce annual cash operating costs by 530,000

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(CPA, adapted) Delta Co. is investing in a machine with a 3-year life. The machine is expected to reduce annual cash operating costs by 530,000 in each of the first 2 years and by $20,000 in Year 3. Present value factors follow. Using a 14% cost of capital, the present value of these future savings is closest to: A. $59,600 B. $60,800 C. $62,900 D. $69,500

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