=+Additionally, the coloured T-shirts require 3 grams of dye per shirt at a cost of $0.20 per gram. The shirts sell for $15 each for white and $20 each for colours. The company expects to sell 12000 white T-shirts and 60000 coloured T-shirts uniformly over the year.

Snazzy has the opportunity to switch from using the dye it currently uses to using an environmentally friendly dye that costs $1.00 per gram. The company would still need three grams of dye per shirt. Snazzy is reluctant to change because of the increase in costs

(and decrease in profit) but the Environmental Protection Agency has threatened to fine them $102000 if they continue to use the harmful but less expensive dye.

Required 1 Given the preceding information, would Snazzy be better off financially by switching to the environmentally friendly dye?

(Assume all other costs would remain the same.)