Need help with the only c. calculating pretax cost savings would you be indifferent between accepting the project and not accepting it I do not know how to get the $0.3254.

Your firm is contemplating the purchase of a new $540,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $68,000 at the end of that time. You will be able to reduce working capital by $93,000 (this is a one-time reduction). The tax rate is 21 percent and the required return on the project is 9 percent.

1. If the pretax cost savings are $150,000 per year, what is the NPV of this project?
2. If the pretax cost savings are $115,000 per year, what is the NPV of this project?
3. At what level of pretax cost savings would you be indifferent between accepting the project and not accepting it

Could you please show me how to calculate pretax cost savings would you be indifferent between accepting the project and not accepting it. As you can see above, I have the answer but I do not know how to get the $0.3254. Thank you in advance.

WN If pretax savings = 150000 Year cash flows calculation pv@9% Present value 0 $ (447,000) [-540000+93000) 1 - $447,000.00 1 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.91743 $129,522.94 2 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.84168 $118,828.38 3 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.77218 $109,016.86 4 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.70843 $100,015.47 5 $ 101,900 (150000*0.79)+(540000/5*0.21)-93000+(68000*0.79) 0.64993 $66,228.01 NPV $76,611.66 Accept If pretax savings = 115000 Year cash flows calculation pv @9% Present value 0 $ (447,000) [-540000+93000) 1 -$447,000.00 1 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.91743 $104,155.96 2 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.84168 $95,555.93 3 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.77218 $87,665.99 4 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.70843 $80,427.51 5 $ 74,250 (115000*0.79)+(540000/5*0.21)-93000+(68000*0.79) 0.64993 $48,257.41 NPV -$30,937.20 Reject indifferent point where NPV =0 Apretax saving + ANPV = $0.3254 Reduce in OCF to be NPV = 0 $24,932.00 [0.3254 x 76611.66] pretax saving NPV = $125,068.00 (150000-24932 ] WN If pretax savings = 150000 Year cash flows calculation pv@9% Present value 0 $ (447,000) [-540000+93000) 1 - $447,000.00 1 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.91743 $129,522.94 2 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.84168 $118,828.38 3 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.77218 $109,016.86 4 $ 141,180 (150000*0.790) +(540000/5*0.210) 0.70843 $100,015.47 5 $ 101,900 (150000*0.79)+(540000/5*0.21)-93000+(68000*0.79) 0.64993 $66,228.01 NPV $76,611.66 Accept If pretax savings = 115000 Year cash flows calculation pv @9% Present value 0 $ (447,000) [-540000+93000) 1 -$447,000.00 1 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.91743 $104,155.96 2 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.84168 $95,555.93 3 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.77218 $87,665.99 4 $ 113,530 (115000*0.79)+(540000/5*0.21) 0.70843 $80,427.51 5 $ 74,250 (115000*0.79)+(540000/5*0.21)-93000+(68000*0.79) 0.64993 $48,257.41 NPV -$30,937.20 Reject indifferent point where NPV =0 Apretax saving + ANPV = $0.3254 Reduce in OCF to be NPV = 0 $24,932.00 [0.3254 x 76611.66] pretax saving NPV = $125,068.00 (150000-24932 ]