Cool Moves manufactures snowboards. Richard May, the CEO, is trying to decide whether to adopt a lean production model. He expects that adopting lean production would save $105,000 in warehousing expenses and $49,000 in spoilage costs. However, adopting lean production will require several one-time up-front expenditures: (1) $12,500 for an employee training program, (2) $44,000 to streamline the plant's production process, and (3) $7,750 to identify suppliers that will guarantee zero defects and on-time delivery. Requirements 1. What are the total costs of adopting lean production