Tammy Co.is considering purchasing a machine that will produce annual savings of $22,000 at the end of the year.Tammy requires a 12% rate of return and the asset has a 5-year useful life.What is the maximum Tammy would be willing to pay for this machine? 
Definitions:
Claude-Henri de Saint-Simon
Claude-Henri de Saint-Simon was a French social theorist and one of the founders of socialism, emphasizing the importance of industrial development and social organization.
Hierarchy of Knowledge
A system or structure that ranks different types of knowledge or disciplines according to perceived importance, complexity, or applicability, often influencing educational and research priorities.
Socialist
A socialist advocates for a political and economic system where the production, distribution, and exchange of goods are regulated by the community as a whole or the state, aiming for equal distribution of wealth.
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