A newly formed firm must decide on a plant location. There are two altematives under consideration: locate near the major raw materials or locate near the major customers. Locating near the raw materials will result in lower fixed and variable costs compared to locating near the market, but the owners belleve there would be a loss in sales volume because customers tend to favor local suppliers. Revenue ber unit will be $178 in either case. Click bere for the Excel Data File Using the above information, determine which location would produce the greater profit