Your firm has the option of making an investment in new software that will cost $301,467 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life, LOADING.... Should the firm make this investment if it requires a minimum annual return of 12% on all investments?

Question content area bottom

Part 1

The present value of the stream of savings estimates is $

enter your response here.(Round to the nearest dollar.)

1

2

3

4

5

Savings estimate

$88.000

$123,200

$114,400

$61,600

$35,200