Sunland Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $52000 for 5 years. The most that Johnson would be willing to spend on this project is Present Value of 1 at 8% Year 1 PV of an Annuity of 1 at 8% 0.926 1.783 2577 3.312 3.993 0.926 0.857 0.794 0.735 0.681 2 3 4 5 $35412 $130946. $172224 $207636