11) The following data is provided for your company to manufacture 100,000 units of an electronic component: DM $8.00, DL $3.00, V.MoH $4.00, F.MoH $2.50. Another manufacturer has offered to supply you the component for $16.25 per unit. If you buy the component, you believe that you could save $55,000 in fixed manufacturing salaries.

To help decide if you should make or buy it, calculate the total cost to buy the component (round to nearest dollar)