Green Industries is saving money for a possible future expansion of its operating facilities. If Green is able to save $95,000 per year for the next 5 years, how much money would it have if it is able to earn an 4% rate of return compounded annually? The following time value of money factors may be useful:

Present Value Factors PV factor for 5 periods at 4% = 0.82193

PVA factor for 5 periods at 4% = 4.45182

Future Value Factors FV factor for 5 periods at 4% = 1.21665

FVA factor for 5 periods at 4% = 5.41632

1.$433,306

2.$135,408

3.$324,979

4.$514,550