Increasing Profits in Vessel Manufacturing Your dient is a British contractor that manufactures vessels for the British Royal Navy. The company has produced a 20 million vessel for the past 10 years. Additionally, to keep up with the most advanced technology the company has invested 30 million in R&D in the last 10 years. The British government has decided to put the contract out to bid. In order to win the bid, the client's purchasing agents have estimated the company will need to cut its costs by 5%. It has asked an important consultancy company to help it reduce costs. You and your team are in charge of this project. Assume the purchasing department's estimate is correct. You are given the following information: Increasing Profits in Vessel Manufacturing Your dient is a British contractor that manufactures vessels for the British Royal Navy. The company has produced a 20 million vessel for the past 10 years. Additionally, to keep up with the most advanced technology the company has invested 30 million in R&D in the last 10 years. The British government has decided to put the contract out to bid. In order to win the bid, the client's purchasing agents have estimated the company will need to cut its costs by 5%. It has asked an important consultancy company to help it reduce costs. You and your team are in charge of this project. Assume the purchasing department's estimate is correct. You are given the following information