Bellini Company is considering acquiring a machine from Catania Corporation for $400,000. The machine will automate a process currently performed manually. The introduction of the machine will allow Bellini to avoid paying annual salaries and benefits over the life of the project, during which salaries and benefits are not expected to grow. No other revenues or expenses will be affected except for those related to the minia- ture pyramids (described below). The machine will occupy floor space currently being used to make miniature pyramids that contribute $90,000 per year to Bellini's before-tax cash flow. If Bellini acquires the machine from Catania it would have to discon- tinue making the pyramids. The project is expected to last for six years. However, the machine must be depreciated by the straight- line method over an eight-year life to a zero salvage value for income tax purposes. At the end of the project, Bellini expects to be able to sell the machine for $38,500, net of disposal costs. This amount will fall to $16,500 by year eight. Required: Assuming that the appropriate after-tax MARR is 16%, what is the minimum amount of before-tax savings from salaries and benefits that Bellini needs in order to justify acquiring the machine from Catania The relevant income tax rate is 30%