A proposed cost$-$saving device has an installed cost of $$905,000.$ The device will be used in a five$-$year project but is classified as three$-$year MACRS property for tax purposes. The required initial net working capital investment is $$65,000,$ the tax rate is $22$ percent, and the project discount rate is $9$ percent. The device has an estimated Year $5$ salvage value of $$125,000.$ What level of pretax cost savings do we require for this project to be profitable? $($MACRS schedule$)$

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

Required cost savings