Harris Hardware Ltd manufactures security screens at its Borallon plant. Harris Hardware is considering implementing a JIT production system. The following are the estimated costs and benefits of JIT production. The required rate of return is 16% a. Annual additional tooling costs would be $128,000. b. Average inventory would decline by 81% from the current level of $997,000. c. Insurance, space, material-handling and setup costs, which currently total $280,000 annually, would decline by 16%. d. The emphasis on quality inherent in JIT production would reduce rework costs by 33%. Harris Hardware currently incurs $159,000 in annual rework costs. e. Improved product quality under JIT production would enable Harris Hardware to raise the price of its product by $5 per unit. Harris Hardware sells 59,000 units each year. f. Harris Hardware's required rate of return on inventory investment is 16% per year. Calculate and enter the net benefit or cost (show negative) to Harris Hardware if it adopts JIT production on the Borallon plant