Question: PLEASE ANSWER IN DEPTH AND DO NOT RUSH PLEASE A company can implement one of two strategies regarding a particular product: hire a marketing firm

PLEASE ANSWER IN DEPTH AND DO NOT RUSH PLEASE

A company can implement one of two strategies regarding a particular product: hire a marketing firm to increase sales 20 percent or assign a product procurement manager who can reduce material costs for the product by 6 percent. Currently, the product has sales of $10,000,000. The costs of materials are $7,500,000, labor costs are $1,500,000, and overhead costs are $500,000. What are the effects on net income of the two alternative strategies?

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