As CEO of SeaSpray Marine. Ramona Raney knows it is important to control costs and to respond quickly to changes in the highly compettive boat-building industry. When ABC Consulting proposes that SeaSpray Marine invest in an ERP system, she forms a team to evaluate the proposal the plant englieer, the plant foreman, the systems specialist, the human resources director, the marketing director, and the management accountant A month later, managenent accountant Mike Chumura reports that the teant and ABC estimate that it SeaSpray Marine implements the ERP system, it will incur the following costs Requirement 1. If the ERP installation succeeds, what is the dollar amount of the benofias? If the ERP installation succeeds the dollar amount of the benegis is Requirement 2. Should SeaSpray Marine install the ERP system? Why or wiy not? Show your caiculations Complate the table below to calculate the expected net benefits (costs) of the project (Use parenthicses or a minus sign for net costs) Since the expected value of the breefits the lotal costs. Seaspras undertake the propect Requirement 3. Why did Rancy create a team to evaluate ABC's pcoposal? Consider esch piece of cout-benefit iniormabon ihat inanagement accountant Chuinura reported Raney formed a feam to evaluate the feasabily of instaling an ERP system for the following reasons (if an input fold is not used in the table, feave the input field emply, do nof setect a labiel) Considet each plece of cost benelt information that management accountant Chumura reporied Which porson on the tean is most ikelr to have contributed each item? (hant d. Estimate customization costs. e. Estimate training costs f. Savings from more efficient order processing 9. Savings from streamlining the manufacturing process h. Evaluate the effects of integrating purchasing, production. marketing and distribution into a single system i. Estimate increase in sales from higher customer satisfaction 1. Estimate benofits and costs More info a. More itficient order processing shauld ie.d to savings of 5190.000 b. Streamining the manifacturing reocess to that it mabs into the ERP syswe Wil gease ssvong of 5260,000 Wstem mif alow Senaspeay Mithe lo refuce inveritorins saving 5225 . 950 6. Highet custamet sathfaction should increwe oules, which in fugn, should Arabese profas ty $150,050 More info Cows of the Prowect a. 5360.000 in sohnare costi b. 5119.000 to cuncomien tha ERP satwarn and load Seasptars date ingo dre ne Eiro sysuent c. $130.000 for employee traing