Larkspur Corp, has an 8% required rate of return. It's considering a project that would provide annual cost savings of $44000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value of 1 at 89% Year 1 2 PV ot an Annuity of 1 at 8% 0.926 1.783 2.577 3.312 3.993 0.926 0.857 0.794 0.735 0.681 3 4 5 5175692 $29964 $110801 $145725