A proposed cost-saving device has an installed cost of $700000. The device wil

A proposed cost-saving device has an installed cost of $700000. The device will be used in a five-year project but is classified as three-year MACRS property
for tax purposes. The required initial net working capital investment is $52000 the marginal tax rate is 30 percent and the project discount rate is 8
percent. The device has an estimated year 5 salvage value of $77000. What level of pretax cost savings do we require for this project to be profitable? Refer
to Table 10.7. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16))

Pretax Cost Savings?