Samson Incorporated is contemplating the purchase of a machine that will

provide it with net after$-$tax cash savings of $$130,000$ per year for $5$ years.

Assuming a $5\%$ discount rate, calculate the present value of the cash savings.

$(FV$ of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).($Use appropriate factor$($s$)$ from

the tables provided. Round final answer to the nearest whole dollar.$)$

Present value of cash savings