Cullumber Industries has purchased equipment from a Brazilian firm for a total cost of 325,000 Brazilian reals. The firm has to pay in 30 days. Citibank has given the firm a 30-day forward quote of $0.3102/real. Assume that on the day the payment is due, the spot rate is $0.3401/real. How much would Cullumber save by hedging with a forward contract? (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.)

Cost savings $enter the cost savings in dollars rounded to 2 decimal places