please answer all requirements

Fast Print manufactures and sels 15,000 high-technology printing presses each year. The variable and fured costs of rework and repair are as follows (Click the icen lo view the cost data) Fast Prints current presses have a quality problem that causes variations in the shade of some colors. Its engineers sugpest changing a key component in each press 1. (Csck the icon to view the data on the new component.) Read the rectriremegts Requirement 1. Should Fast Ptint change to the new component? Show your calculations. Begin by selecting the formula and calculating the relevant cost amount More info The new component will cost $125 more than the old one. In the next year, however, Fast Print expects that with the new component it will (1) save 16,250 hours of rework, (2) save 1,000 hours of customer support, (3) move 225 fewer loads, (4) save 5,400 hours of warranty repairs, and (5) sell an additional 125 printing presses, for a total contribution margin of $1,500,000. Fast Print believes that even as it improves quality, it will not be able to save any of the fixed costs of rework or repair. Fast Print uses a 1-year time horizon for this decision because it plans to introduce a new press at the end of the year. Data table Requirements 1. Should Fast Print change to the new component? Show your calculations. 2. Suppose the estimate of 125 additional printing presses sold is uncertain. What is the minimum number of additional printing presses that Fast Print needs to sell to justify adopting the new component? 3. What other factors should managers at Fast Print consider when making their decision about changing to a new component