Sirotka Retail Company began doing business in 20X1. The following information pertains to its first three years of operation: Use the following links to the present value tables to calculate answers. (PV of 1, PVAD of 1, and PVOA of 1) (Use the appropriate factor(s) from the tables provided.) Year 20x1 20X2 20x3 Operating Expenses $60,000 90,000 65,000 Purchases Unit Units Cost 15,000 $20.00 20,000 25.00 5,000 30.00 Sales Unit Units Price 12,000 $ 35 18,000 40 10,000 40 Assume the following: . The income tax rate is 21%. Purchase and sale prices change only at the beginning of the year. Sirotka uses the LIFO cost flow assumption. Operating expenses are primarily selling and administrative expenses. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 Required 9 Required 10 Assuming a discount rate of 10%, compute the January 1, 20X1, present value of the tax savings over the period 20X1-20X3 (that is, discount the 20X1 tax savings one period, and so on). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value of the tax savings