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 14% a. Annual additional tooling costs would be $114,000. b. Average inventory would decline by 86% from the current level of $866,000. C. Insurance, space, material handling and setup costs, which currently total $359,000 annually, would decline by 23% d. The emphasis on quality inherent in JIT production would reduce rework costs by 38%. Harris Hardware currently incurs $227,000 in annual rework costs. e Improved product quality under Jit production would enable Harris Hardware to raise the price of its product by S4 per unit. Harris Hardware sells 54,000 units each year, f. Harris Hardware's required rate of return on inventory investment is 14% per year. Calculate and enter the net benefit or cost (show negative) to Harris Hardware if it adopts JIT production on the Borallon plant