DON Corporation is contemplating the purchase of a machine that will produce cash savings of $$33,000$ per year for five years. At the end of five years, the machine can be sold to realize cash flows of $$6,300.$ Interest is $12\%.$ Assume the cash flows occur at the end of each year.

Required:

Calculate the total present value of the cash savings.

Note: Use tables, Excel, or a financial calculator. Round your intermediate calculations and final answer to the nearest whole dollars. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Total present value