A$.$ Hurkin Manufacturing Company pays accounts payable on the tenth day atter purchase. The average collection period is $30$ days, and the average age of inventory is $40$ days. The firm currently has annual sales of about $$18$ million and purchases of $$14$ million. The firm is considering a plan that would stretch its accounts payable by $20$ days. If the firm pays $12\%$ per year for its resource investment, what annual savings can it realine by this plan? Assume a $360-$day vear.