The Cook County Authority is considering the purchase of a small plane to transport government officials. It is hoped that the plane will save money on travel costs for government employees. Assume the county requires a 10 percent rate of return.

Using the present value tables in Exhibits 26-3 and 26-4, if the planes cost is $388,776 and it can be sold in five years for $40,000, what minimum annual savings in transportation costs is needed in order to make the plane a good investment? (Round Present value factor to 3 decimal places.)