ABC Machine Shop, Inc., has a 1-year contract for the production of 31000 gear housings for a new off-road vehicle. ABC hopes that the contract will be extended and the production volume increased in the future. ABC is considering three different production technologies: general-purpose equipment (GPE), flexible manufacturing system (FMS), and the expensive, but efficient, option of a dedicated machine (DM). The annual fixed and per unit variable costs for the three alternatives are tabulated below: GPE FMS DM $240000 $670000 $890000 Annual fixed cost Per unit variable $11 $9 $5 cost What is the cheapest cost for meeting the current order for 31000 units? Specify only the amount. e.g. 3500000