Question: Holt Holdings, Inc., is considering replacing their existing operating system with a new one. The new system will save the company $70,000 per year for

Holt Holdings, Inc., is considering replacing their existing operating system with a new one. The new system will save the company $70,000 per year for the next 8 years. Using a discount rate of 8%, what is the most the company should be willing to pay for the new system?

$434,685.57

$692,822.75

$140,000.00

$560,000.00

$386,427.59

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