Pictured Rocks Mfg. is considering purchasing a tool that would cost $285,120 and have a useful life of 5 years. The tool would reduce cash operating costs by $89,100 per year. The tool would have a salvage value of $107,180 at the end of the places. Do not include any words or symbols (like % or $) in your response.
Please note that you MUST format your response exactly as directed in order to receive credit. I will give partial credit for correct numbers with incorrect formatting.