PT. AGT is a manufacturer of hot melt adhesive which provides a strong bond between metals and thermoplastics used for seals, gaskets, handrails for tools. PT. AGT claims that by using its products, PT. Prysmian Cable can save IDR 5,000,000 per year in shopping by switching to a new adhesive from PT. AGT. However, PT Prysmian Cable will only be able to implement the transition in the next 2 years because currently it is still under contract with the old vendor.

It is planned that PT. Prysmian Cable will make a 4-year contract with PT. AGT after the contract from the old vendor is finished. how much is the value of savings in shopping PT. Prysmian Cable if converted to current value at an interest rate of 15% per annum?