Kamal Fatehl production manager of Kennesaw Manufacturing, finds his profit at $14,400 (as shown in the statement below) inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve profit line to $24,400 so he can obtain the bank's approval for the loan. O % of sales Sales 240,000 100% Cost of supply chain purchases 172,800 72% Other production costs 24,000 10% Fixed costs 28,800 12% Profit 14,400 6% a) What percentage improvement is needed in a supply chain strategy for profit to improve to $24,400? What is the cost of material with a $24,400 profit? A decrease of 5.8 % in supply-chain costs is required to yield a profit of $24,400, for a new cost of supply chain purchases of $ 162800. (Enter your response for the percentage decrease to one decimal place and enter your response for the new supply chain cost as a whole number.)