Oriole Company's budgeted sales and budgeted cost of goods sold for the coming year are $$144,850,000$ and $$102,780,000,$ respectively. Short$-$term interest rates are expected to average $10\%.$ If Oriole can increase inventory turnover from its present level of $8$ times a year to a level of $12$ times per year.

Compute its expected interest chast savings for the coming year.

Expected interest cost savings $