Gluon Inc. is considering the purchase of a new high-pressure glueball. It can purchase the glueball for $140,000 and sell its old low-pressure 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 firms tax rate is 21%. What is the equivalent annual savings from the purchase if Gluoncan can depreciate 100% of the investment immediately? Assume the new machine will have no salvage value.