1. You are a junior manufacturing engineer at a precision machining facility. The company is looking to reduce production costs while maintaining high-quality standards. Explain how you can use Computer-Aided Design and Manufacturing (CAD/CAM) to optimize a part of the manufacturing process to achieve these cost- saving goals. i. Identify FIVE (5) specific cost-related issues in the manufacturing process for precision machining and explain how these issues impact production expenses and the company's competitiveness ii. (CLO1-PLO1:C2) iii. [10 Marks] Identify FIVE (5) areas in the manufacturing process where cost reduction is possible and explain how these areas can contribute to cost-saving. [10 Marks] Explain THREE (3) advantages and TWO (2) disadvantages of applying CAD/CAM in the manufacturing industry. [5 Marks]