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Based on the supplied data (below), calculate annual outsourcing savings: Annual sales volume: 1.6 million units Cost to manufacture domestically: $12.25/unit Bid price (delivered to

Based on the supplied data (below), calculate annual outsourcing savings:

Annual sales volume: 1.6 million units
Cost to manufacture domestically: $12.25/unit
Bid price (delivered to the port of Hong Kong): $9.80
Shipping cost: $2500/container (note: 5,000 units fit in a shipping container)

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