You have a firm that specializes in basalt type of concrete. A consultant provides you a quote that can save you alot of money. Your present production costs for your most popular product, called tiles, are $80 of cement, $30 of basalt fibres, $20 of glue, 2/3 of a $20 can of coating paint. These costs are for a single tile, and sell for $422 each. The consultant gives you a quote of 12,644 and can reduce the amount of fibre needed by 50% for each tile, and reduce the amount of cement by 20%. What would your yearly savings be if you hire the consultant and if you produce 500 tiles a year?