Oakland College is considering outsourcing grounds maintenance. In this regard, Oakland has received a bid from Highline Grounds Maintenance for $304,580 per year. Highline states that its bid will cover all services and planting materials required to keep Oaklands grounds in a condition comparable to prior years. Oaklands cost for grounds maintenance in the preceding year were $311,100, as follows:

Salary of three full-time gardeners	$197,000
Plant materials	81,000
Fertilizer	10,300
Fuel	11,600
Depreciation of tractor, mowers, and other miscellaneous equipment	11,200
Total	$311,100

If Oakland College outsources maintenance, it will be able to sell equipment for $29,300, and the three gardeners will be laid off.

Analyze the one-year financial impact of outsourcing grounds maintenance.

Net benefit or cost?of outsourcing in year 1 is?

How will savings in the second year differ from those in year 1? In the second year, savings will increase or decrease?by $.There will be a net benefit or cost?of $.?