St. Augustine can acquire a $700,000 machine now that will benefit the firm over the next 5 years. A newly hired staff assistant correctly computed the net present value to be $134,020 by using a 10% hurdle rate. On the basis of this information, the machine was expected to produce annual cash operating savings of approximately:

A. $166,804

B. $220,000

C. $268,605

D. $834,020

E. None of the other answers are correct.