Jones Industries manufactures iPhone case covers. GlendaOlivier, theCEO, is trying to decide whether to adopt a lean thinking model. She expects that adopting lean production would save $76,000 in warehousing expenses and $35,400 in spoilage costs. Adopting lean production will require severalone-time up-frontexpenditures: $32,500 for an employee trainingprogram, $35,000 to streamline theplant's productionprocess, and $7,500 to identify suppliers that will guarantee zero defects andon-time delivery

1. The total costs of adopting lean production are:
2. What are the total benefits of adopting lean production?