A certain company is examining three plans for a portion of its operations for next year. Your job is to find the cheapest plan.

A certain company is examining three plans for a portion of its operations for next year. Your job is to find the cheapest plan. Plan A: Keep all 62 full-time employees and all 35 part-time employees and to contract nothing out. Plan B: Retain 58 full-time employees and 42 part-time employees. A portion of the operation would be contracted out at a cost of $1500000. Plan C: Retain no full-time employees and no part-time employees and contract out the entire operation for $5100000. Other information for this company includes: Full-time days/year 255 Part-time days/year 242 Hours per day 8 Avg full-time wage $18.83/hr Avg part-time wage $16.28/hr Full-time benefits 20% of wages Part-time benefits 16% of wages Full-time Admin cost 20% of wages Part-time Admin cost 23% of wages Find the plan with the cheapest cost and enter that amount below. Round to the nearest dollar if necessary.