The Cowboy Bottling Company will generate ?$14 million in credit sales next year. Collection of these credit sales will occur evenly over this period. The? firm's employees work 320 days a year.? Currently, the? firm's processing system ties up 5 ?days' worth of remittance checks. A recent report from a financial consultant indicated procedures that will enable Cowboy Bottling to reduce processing float by 3 full days. If Cowboy invests the released funds to earn 8 ?percent, what will be the annual? savings? The annual savings on the new processing system will be ?$ nothing. ?(Round to the nearest? dollar.)