Gluon Incorporated is considering the purchase of a new high pressure glueball. It can purchase the glueball for $150.000 and sell its old low-pressure glueball, which is fully depreciated, for $26,000. The new equipment has a 10 -year useful life and will save $34.000 a year in expenses before tax. The opportunity cost of capital is 11%, 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. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Answer is complete but not entirely correct