Gluon Inc. is considering the purchase of a new high pressure glueball. It can purchase the glueball for $80,000 and sell its old low- pressure glueball, which is fully depreciated, for $14,000. The new equipment has a 10 year useful life and will save $18,000 a year in expenses. The opportunity cost of capital is 10%, 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 decimal places.) Answer is complete but not entirely correct. Equivalent annual savings S 20,734.12