Plastics Engineering, Inc., a developer of advanced bolt drive components, recently began manufacturing sprockets made of polyacetal plastics that are approved for direct food contact. The company claims that high-precision manufacturing promotes longer belt life, thereby eliminating costs associated with belt replacement. If Kraft Foods estimates that maintenance down time costs the company an average of $12,000 per quarter, how much can the company afford to spend now if the new sprockets would cut their cost to $2000 per quarter? Assume Kraft Foods uses an interest rate of 12% per year compounded quarterly and a 2-year cost recovery period.