A high$-$tech machine that produces watch bands costs $$849,000.$ This cost could be depreciated at $30\%$ per year $($CCA Class $10).$ The machine would be worth $$175,000$ in five years. There are no capital gains to worry about. The new machine would save the firm $$262,000$ per year before taxes in operating costs. There is no impact on net working capital. The firm's WACC is $15\%$ and the corporate tax rate is $40\%\mathrm{.}3.$ What is the total present value of the after$-$tax operating cost savings that the machine will bring?