A shovel costing (P) Rs. 20 crores has a salvage value (S) of Rs. 2 crores with a useful life (n) of 10 years. The annual depreciation is evaluated using the declining balance method as given by
\[ \text{Depreciation rate} = 1 - (S/P)^{1/n} \]
The depreciated cost of the shovel, in crores, in its 2nd year is Rs. . (rounded off to two decimal places)