A proposed cost$-$saving device has an Installed cost of $$765,000.$ The device will be used in a five$-$year project but is classified as three$-$year MACRS property for tax purposes $($MACRS schedule$).$ The required Initial net working capital investment is $$67,000,$ the tax rate is $21$ percent, and the project discount rate is $9$ percent. The device has an estimated Year $5$ salvage value of $$103,000.$ What level of pretax cost savings do we require for this project to be profitable?

Note: Do not round Intermedlate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Table $9\mathrm{.}7$ Modified ACRS depreciation allowances

$\backslash$table$[[$Year$,$Property Class$],[3-$Year,$5-$Year,$7-$Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%$