Rossiter Restaurants is considering the installation of a new computerized pressure cooker that will reduce annual operating costs by $22,053. The system will cost $40,000 to purchase and install. This system is expected to have a 4 year life and will be depreciated to zero using straight-line depreciation. The relevant tax rate is 25%.

What is the amount of the annual earnings before interest and taxes (EBIT) for this project?