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TB Problem Qu. 12-150 (Algo) HI Corporation is considering the... HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 7-year useful ife. The machine will cost $211,580 and has no salvage value. The machine has a 14% intemal rate of return. (lgnore income taxes.) Click here to view Exbibit 128-1 and Exhibit 128-2, to determine the appropriate discount factoris) using the tables provided Required: What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) EXIIIIT 12B-1 Present Value of 51: 6.0201 FXHIBIT 12-2 Present Value of an Anneity of 51 in Arrears; / /r (1(/(1+r)xn))