As reagents bind to the ceramic piston and deteriorate the seal, syringe pumps frequently fail. Trident Chemical proposed an effective polymer fluid seal that provides the sealing lip with a higher sealing force resulting in extended sealing life. One of Trident's customers expects the latest seal configuration to minimize downtime by 30 percent. If lost production for the next four years would cost the company $110,000 a year, how much will the company afford to spend on the new seals now if it uses an interest rate of 12 percent per year?