DON Corp. is contemplating the purchase of a machine that will produce net after-tax cash savings of $21,000 per year for five years. At the end of five years, the machine can be sold to realize after-tax cash flows of $5,100. Interest is 10%. Assume the cash flows occur at the end of each year. (FV of $1,PV of $1,FVA of $1,PVA of $1,FVAD of $1andPVAD of $1)(Use appropriate factor(s) from the tables provided.)

Required:

Calculate the total present value of the cash savings.(Do not round intermediate calculations.)