A warehouse has 53 light fixtures. Each fixture has two T8 fluorescent lamps (32 Watt) with an electronic ballast (ballast factor of 0.90). The plant operates for 3,412 hours per year. An energy consultant determines that the occupancy rate for the warehouse is 68%. Determine the anticipated annual cost savings if occupancy-based lighting controllers are installed. Assume that the facility pays $0.09/kWh for energy, and $4.57/kW for peak demand, and that the facility has a power factor of 0.98