Your firm has the option of making an investment in new software that will cost $304,007 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.

Should the firm make this investment if it requires a minimum annual return rate of 9% on all investments?

The present value of the stream of savings estimates is $___? (round to the nearest dollar)

Year Savings estimate $83,000 $116,200 $107,900 $58,100 $33,200