An electronics firm is currently manufacturing an item that has a variable cost of $0.55 per unit and a selling price of $1.15 per unit. Fixed costs are $14000. current volume is 25000 units. the firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $6000. variable cost would increase to $0.65 and the selling price would be revised to $1.25 with the expectation that the volume would be 55000 units as a result of a higher-quality product.

1-) If the firm does NOT add new equipment, what will be its profit in dollars? ( round your response to the nearest whole number and include a minus sign if the profit is negative )

2-) If the firm adds new equipment, what will be its profit in dollars ( round your response to the nearest whole number and include a minus sign if the profit is negative )

3-) Based on the given information above, the decision should be to

a-) stay as is

b-) add new equipment