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P8-1. Service Make-Buy Decision. Electrolacks Company is planning to provide its sales staff of 50 persons a training program on personality development. It is considering two alternatives for this project. One is to use its own personnel to develop the materials and conduct the seminar. Another is to avail the services of a consulting firm to develop the materials and teach the course. The two alternatives are expected to provide training of equal quality to the sales staff. The costs involved under the two alternatives are presented below: Tuition-consulting firm P300 per person Cost of training materials 200 per person Salary of sales staff while in class 150 per person For convenience, the Electrolacks wants to hold the seminars in the company's conference room, which it depreciates at the rate of P2,000 per month. Meals and snacks are to be served during the seminar. These will be shouldered by the company at an estimated cost of P200 per person. Required: Which alternative should be chosen by Electrolacks Company