Incognito Company is contemplating the purchase of a machine that provides it with cash savings of $98,000 per year for five years. Interest is 7%. Assume the cash savings occur at the end of each year. Required: Calculate the present value of the cash savings. Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of \$1, PV of \$1, FVA of $1. PVA of \$1. EVAD of \$1 and PVAD of \$i) Yamaha Incorporated hires a new chicf finanelal officer and promises to pay him a lump-sum bonus four years after he joins the company The new CFO insists that the company invest en amount of money at the begianing of each year in a 7W f fxed rate investment fund to insure the bonus will be avallable. To delermine the amount that must be invested each year, a computation must be made using the formula for Muriple Cnoice the finte value of b oterered annuty The hature value of at ordiney annuly the fiture velue of en imuly oue None of the ether anzwer dholdh: y+ conect