Green Industries is saving money for a possible future expansion of its operating facilities. If Green wants to have $600,000 in 6 years, how much money would it need to save today if it could earn an 8% rate of return compounded annually? The following time value of money factors may be useful: Present Value Factors PV factor for 6 periods at 8% = 0.63017

PVA factor for 6 periods at 8% = 6.20979

Future Value Factors FV factor for 6 periods at 8% = 1.58687

FVA factor for 6 periods at 8% = 7.33592

$3,725,874

$472,628

$378,102

$952,122