Spontaneous sources of funds, accruals When Tallman Haberdashery. Inc., merged with Meyers Men's Suits, Inc., Tallman's employees were switched from a weekly to a biweekly pay period. Tallman's weekly payroll amounted to $940,000. The cost of funds for the combined firms is 16%. What annual savings, if any, are realized by this change of pay period? The annual savings that the firm can realize is $ ___. (Round to the nearest dollar.)