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:
ISS
An abbreviation for the International Space Station, a large spacecraft in orbit around Earth serving as a home and research laboratory for astronauts.
Outsourcing
A business strategy where certain job functions or processes are contracted out to a third party.
HRIS
Human Resources Information System, a digital solution for managing and automating many HR tasks from payroll to employee performance monitoring.
Intelligence System
A computer-based system that collects, analyzes, and presents information to aid in decision-making and strategic planning.
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