Hercules Exercise Equipment Company purchased a computerized measuring device two years ago for $$52,000.$ The equipment falls into the five$-$year category for MACRS depreciation and can currently be sold for $$21,800.$ A new piece of equipment will cost $$142,000.$ It also falls into the five$-$year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years. Use Table $12-12.$ Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

$\backslash$table$[[$Year$,$Cash Savings$],[1,$$$59,000$