Consider a piece of industrial equipment that has an installed cost of $100,000. The equipment is expected to generate $30,000 worth of annual energy savings during its first year of installation. The value of these annual savings is expected to increase at the rate of 5% per year because of increased fuel costs. Assume that the equipment has a service life of five years (or 3,000 operating hours per year) with no appreciable salvage value. Determine the equivalent dollar savings per each operating hour at i = 14%.