Please answer in detail

Ansil's Attractive Interiors Ltd. operates a show room of drapes. fumuiture. bedding and kitchen wares. Traditionally Ansil has kept a very large inventory on handr however in recent years he is begnining to question this approach. Because fashions change he is nding he is discounting more and more items. and that the lost revenue in discounts is likely close to $250,000 per year. The current inventory on hand is $3.6?0,000 with a required rate of return of 15%. Ansil thinks revamping the store to a virtual showroom. where clients are able to view swatches and wood nishes and enter a virtual design suite would allow him to reduce the inventory tojust 20% of this. He could likely cut the rent of $200000 per year in half by reducing warehousing costs, and insurance is charged at 1% of inventory. Retrotting the showroom with the digital technology would cost about $600,000. Required: Prepare an analysis of relevant costs. 1Ml'hat is the advantage of the JIT system