Suppose that you have just completed the mechanical design of a high-speed automated palletizer that has an investment cost of $3,300,000. The existing palletizer is quite old and has no salvage value. The market value for the new palletizer is estimated to be $350,000 after nine years. One million pallets will be handled by the palletizer each year during the nine-year expected project life. What net savings per pallet (i.e., total savings less expenses) will have to be generated by the palletizer to justify this purchase in view of a MARR of 17% per year? Use the AW method. The net savings required to be generated by the new palletizer to justify its purchase are cent.) per pallet (Round to the nearest