Selko's current salary is $130,000. Her marginal tax rate is 32 percent, and she fancies European sports cars. She purchases a new auto each year. Selko is currently a manager for Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays $113,100 per year, but it allows employees to purchase one new car per year at a discount of $23,000. This discount quallies as a nontaxable filinge benefit In an effort to keep Selko as an employee, Idaho Office Supply offers her a $12,700 ralse. Answer the following questions about this analysis. What is the annual after-tax cost to Idaho Office Supply if it provides Selko with the $12,700 increase in salary? Note: iqnore payroll taxes