Penny Worth College is considering outsourcing grounds maintenance. In this regard, Penny Worth has received a bid from Highline Grounds Maintenance for $283,100 per year. Highline states that its bid will cover all services and planting materials required to "keep Penny Worth's grounds in a condition comparable to prior years. Penny Worth's cost for grounds maintenance in the preceding year were $292,600, as follows: Salary of three full-time gardeners Plant materials Fertilizer Fuel Depreciation of tractor, mowers, and other miscellaneous equipment Total $177,300 82,800 9,100 11,200 12,200 $292,600 If Penny Worth College outsources maintenance, it will be able to sell equipment for $31,800, and the three gardeners will be laid off. (a) Your answer is correct. Analyze the one-year financial impact of outsourcing grounds maintenance. Net benefit of outsourcing in year 1 is $ 29100 (b) How will savings in the second year differ from those in year 1? by $ . There will be a net v of $ In the second year, savings will v decrease increase eTextbook and Media