Johnson corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $30,000 for 5 years. The most that Johnson would be willing to spend on this project is ...................................Present Value.....Present Value .................Year..............of 1 at 8%........of 1 at 8% ...................1.....................926...................9265 ...................2.....................857................1.783 ...................3 ....................794................2.577 ...................4.....................735................3.312 ...................5.....................681................3.993 Question 7 options: $75,546 $99,360 $20,430 $119,790