$340,800/year. If that doesn't make a material difference to your company or department you've never worked where cash is tight. More bluntly: you've been spoilt with excess resources. That's a lot of cash to waste.
I can't speak for him, so for myself: some years ago I had to almost beg for a new disk for a server. A disk. I didn't even bother to ask if we could have a bigger server, no point trying.