Jerome purchased a machine that will produce annual savings, net of taxes, of $$67,800$ at the end of each of the next $5$ years. Jerome requires a $12\%$ rate of return and the asset has a $5-$year useful life and no salvage value. Jerome uses straight$-$line depreciation. Jerome paid $$120,000$ for this machine. The tax rate is $40\%.$ What are the annual savings before depreciation and taxes each year?

A$.$ $$43,800$

B$.$ $$50,280$

C$.$ $$97\mathrm{.}000$

D$.$ $$114,000$

E$.$ None oft h e above.