Hi pls help me solve this question.. thank you.. it is managerial accounting course. As CEO of Bayshore Marine, Baiba Wilson knows it is important to control costs and to respond quickly to changes in the highly competitive boat-building industry. When IDG Consulting proposes that Bayshore Marine invest in an ERP system, she forms a team to evaluate the proposal: the plant engineer, the plant foreman, the system specialist, the human resources director, the marketing director, and the management accountant. A month later, management accountant Matthew Cole reports that the team and IDG estimate that if Bayshore Marine implements the ERP system, it will incur the following costs: Costs of the project a. $430,000 in software costs b. $85,000 to customize the ERP software and load Bayshore's data into the new ERP system. c. $160,000 for employee training The team estimates that the ERP system should provide several benefits. Benefits of the project a. More efficient order processing should lead to savings of $200,000. b. Streamlining the manufacturing process so that it maps into the ERP system will create savings $290,000. c. Integrating purchases, production, marketing, and distribution into a single system will allow Bayshore Marine to reduce inventories, saving $210,000. d. Higher customer satisfaction should increase sales, eawhich in turn, should increase profits bu $155,000. Requirement: 1. If the ERP installation suceeds, what is the dollar amount of the benefits? 2. Should Bayshore Marine install the ERP system? Why or why not? Show your calculations. 3. Why did wilson create at team to evaluate IDG's proposal? Consider each piece of cost-benefit information that management accountant Cole reported. Which person on the team is most likely to have contributed each item? Hint: which team member is likely to have the most information about each cost or benefit