Cullumber Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $30000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value of 1 at 8% PV of an Annuity of 1 at 8% Year 1 0.926 0.926 2 0.857 1.783 3 0.794 2.577 4 0.735 3.312 5 0.681 3.993 O $99360. O $119790. O $20430. O $75546. Waterway Inc had the following activity last year: Sales $296000; Cost of goods sold $167000; Depreciation expense $26000; other selling and administrative expenses $95000; income tax expense $3300. What was the estimated net cash flow for the year? $8000 $4700 $30700 $34000 e Textbook and Media Save for Later Attempts: 0 of 1 used Submit