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DON Corp is contemplating the purchase of a machine that will produce cash savings of $23,000 per year for five years. At the end of

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DON Corp is contemplating the purchase of a machine that will produce cash savings of $23,000 per year for five years. At the end of five years, the machine can be sold to realize cash flows of $5,300. Interest is 11%. Assume the cash flows occur at the end of each year. (FV of S1, PV of $1. FVA of S1PVA of $1. FVAD of $1 and PVAD of Si) (Use appropriate factor(s) from the tables provided.) Required: Calculate the total present value of the cash savings. (Do not round intermediate calculations. Round your final answer to nearest whole dollar.) Total prosent value

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