20 10 A proposed cost saving device has an installed cost of $755,000. The device will be used in a five year project but is classified as three year MACRS property for tax purposes. The required initial networking capital investment is 563.000, the tax rate is 24 percent, and the project dscount rate is 11 percent. The device has an estimated Year 5 salvage value of 597,000 What level of pretax cost savings do we require for this project to be profitable? MACRS schedule (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Pro 10:24 17. Half-Year Convention Depreciatior Year 3-year 5-year 7-yo 1 2 3 4 5 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 14. 24. 17. 12. 8. 5.76 6 7 8 9 10 8. 8. 4. 11 12 13 14 15 16