Heartland Companys budgeted sales and budgeted cost of goods sold for the coming year are $144,940,000and $102,600,000, respectively. Short-term interest rates are expected to average 10%. If Heartland can increase inventory turnover from its present level of 8 times a year to a level of 12 times per year.

Compute its expected cost savings for the coming year.

Expected Cost Savings- $