Pharoah Manufacturing incurs unit costs of $8.00 (\$5.00 variable and $3.00 fixed) in making a sub-assembly part for its finished product. A supplier offers to make 16,800 of the parts for $5.50 per unit. If it accepts the offer, Pharoah will save all variable costs and $1.00 of fuxed costs. Prepare an analysis showing the total cost savings, if any, that Pharoah will realize by buying the part. (Round per unit answers to 2 decimal places, eg. 15.25. If an amount reduces the net incorne then enter with a negative sign preceding the number, eg. 15,000 or parenthesis, eg. (15,000).)