Fаstenings Cо. prоduces metаl rivets аnd anticipates purchasing additiоnal machines to build its operations over the next 4 years. The costs for each of the next 4 years are given below. Year Cost 1 $29,000 2 $43,000 3 $115,400 4 $85,000 Fastenings Co. currently has a cash surplus and would like to set aside money to ensure that it can purchase these machines. Assuming that the money is placed into a savings account that earns 3% interest compounded annually, how much should Fastenings Co. set aside now to ensure it can cover the cost of the machines it would like to purchase?