The compressed-air requirements of a plant are being met by a 100-hp screw compressor that runs at full load during 40 percent of the time and idles the rest of the time during operating hours. The compressor consumes 35 percent of the rated power when idling and 90 percent of the power when compressing air. The annual operating hours of the facility are 3800 h, and the unit cost of electricity is $0.083/kWh. It is determined that the compressed-air requirements of the facility during 60 percent of the time can be met by a 25-hp reciprocating compressor that consumes 95 percent of the rated power when compressing air and no power when not compressing air. It is estimated that the 25-hp compressor will run 85 percent of the time. The efficiencies of the motors of the large and the small compressors at or near full load are 0.90 and 0.88, respectively. The efficiency of the large motor at 35 percent load is 0.82. Determine the amount of energy and money that can be saved by switching to the 25-hp compressor during 60 percent of the time.