Hau Lee Fumilure, lnc., spends 55% of its sales dollars in the supply chain and nds its current prot of $21,000 inadequate. The bank is insisting on an improved prot picture prior to approval ofa loan for some new equipment. Hau would like to improve the prot line to $26,000 so he can obtain the bank's approval for the loan 91 C u rrent 5 ituation Sales $140,000 Cost of material $??,000 (55%} Production costs $21,000 (15%] Fixed cost $21,000 (15%} Prot $21,000 (15%} a) What percentage improvement is needed in the suppiy chain strategy for prot to improve to $26,000? What is the cost 01 material with a $26,000 prot? Adecrease of \"K: in material (supply-main) costs is required to yield a prot of $25,000, for a new material cost of$ , (Enteryour response forthe percentage decrease to one decimal place and enter your response for the new matenat cost as a whole number) b] What percentage improvement is needed in the sates strategy for profit to improve to $26,000? What must sales be for prot to improve to $26,000? An increase of % in sales is required to yield a prot of $26,000, for a new new level of sales of$ {Enter your response for the percentage increase to one decimal place and enter your response for the new sales as 5 Made number.)