A crane rental company has acquired a new heavy-duty crane fr $240,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 12-year life is $20,000. If the crane is rented an average of 133 days per year, what is the depreciation rate per rental ?

The depreciation is $[ ] per day of rent

{ PLEASE ROUND TO THE NEAREST DOLLAR }