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Overtime at The Office Incorporated has gotten out of control as a result of frequent mailings that are very time consuming to fold and stuff

Overtime at The Office Incorporated has gotten out of control as a result of frequent mailings that are very time consuming to fold and stuff into envelopes. The Office is considering purchasing a machine that folds letters, stuffs them into envelopes, and places the appropriate postage on them. The machine should completely eliminate overtime and save The Office $4304 per year. The machine will cost $29991 and is expected to last 9. What is the Present Value Factor of an Annuity we would look for in the table to determine the IRR (ie. 3.724)? Round your answer to three decimal places. show work in excel with control ~

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