TimeTrends integrated time clock and payroll system sells for $$195,298.$ At this price, the annual cost savings that the system will

generate for Building Keepers, a facilities management company, over its $8-$year life will yield an internal rate of return of $14\%.$

Building Keepers requires that all projects achieve a minimum return of $16\%.$

Click here to view the factor table.

What price does Building Keepers need to negotiate with TimeTrends so that the system will achieve that return?$($For calculation

purposes, use $4$ decimal places as displayed in the factor table provided. Round "Annual costsaving$"$ to $0$ decimal place, e$.$g$.58,975$ and final

answer to $2$ decimal places, e$.$g$.58,971\mathrm{.}25.)$