Gluon Inc. is considering the purchase of a new high pressure glueball. It can purchase the glueball for $140,000 and sell its old lowpressure glueball, which is fully depreciated, for $24,000. The new equipment has a 10 -year useful life and will save $32,000 a year in expenses. The opportunity cost of capital is 8%, and the firm's tax rate is 21%. What is the equivalent annual saving from the purchase if Gluon can depreciate 100% of the investment immediately. (Do not round intermediate calculations. Round your answer to 2 1 decimal places.) Answer is complete but not entirely correct. \begin{tabular}{|l|l|} \hline Equivalent annual savings & $136,299.10 \\ \hline \end{tabular}