Your firm has the option of making an investmest in new software that will cost $285,692 today and is estimated to provide the savings shown in the following table (Below) over its 5-year life. Should the firm make this investment if it requires a minimum annual return of 9% on all investments?
Table:
Year 1: $78,000
Year 2: $109,200
Year 3: $101,400
Year 4: $54,600
Year 5: $31,200
The present value of the stream of savings estimates is? (Round to the nearest dollar)