Rathburn Corp. has an $8\%$ required rate of return. It's considering a project that would provide annual cost savings of $$50,000$ for $5$ years. The most that Rathburn would be willing to spend on this project is:

Present Value

Year

$1$

$\mathrm{.}926$

$2,\mathrm{.}857$

$3\mathrm{.}794$

$4,\mathrm{.}735$

$5,\mathrm{.}681$

PV of an Annuity

of $1$ at $8\%q,$

$\mathrm{.}926$

$1\mathrm{.}783$

$2\mathrm{.}577$

$3\mathrm{.}312$

$3\mathrm{.}993$