Question$/$Problem #$3($start over with the case study$)$:$$Go back to the original financial statement on ROI.$$ Let$$s say you start working for this company and you tell the owner of the company that you need around six months to reduce direct material costs by $5\%.$ You tell the owner that it will make the ROI go up by X$\%($your answer to question #$1$ above$).$ The owner says that is great but he$/$she does not have that much time and wants instant cost savings results.$$ This company is privately owned and family run.$$ That means they are not publicly traded $($you cannot buy stock in the company$).$ The hourly workforce in the factory is also not represented by a union.$$So$,$ the owner said he$/$she is going to cut direct labor costs by $5\%.$ How much will doing so improve the owner$$s ROI?$$ How effective do you think that is and what might be the consequences?$$ What would you have done if this was your company and you were dealing with low, thin, and tight margins?$$FYI$,$ your ATR will not change, you do not have to recalculate that, but ChatGPT might do so incorrectly.