Jackson Custom Machine Shop has a contract for $130,000$ units of a new product. Sam Jumper, the owner, has calculated the cost for three process alternatives. Fixed costs will be: for general$-$purpose equipment $($GPE$)$$$150,000$; flexible manufacturing $($FMS$),$ $$350,000$; and dedicated automation $($DA$),$ $$950,000.$ Variable costs will be: GPE, $$10$ ; FMS$,$ $$8$; and DA$,$ $$6.$ Questions to discuss : $1)$ Which should he choose $?2)$ Identify the volume ranges where each process should be used $.3)$ If Jackson Custom Machine is able to convince the customer to renew the contract for another one or two years, what implications does this have for his decision $?$ Use the process selection idea discussed in the lecture video and answer each question thoroughly by demonstrating how you have conducted analyses and arrived at the conclusion $.$