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2. lGimls-le hianul'acturing Inc. makes vibration control springs for l'lljng, ventilating, and air conditioning {IIVAC} equipment. Materials cost $52 per spring set, and the machinists are paid $44 per hour. A machinistcanproduoe four sets of springs per hour. Fixed manufacturing costs for springs are $5,DEID per period. Nonmanufacturing spring set costs are xed at $11,0DD per period. Each spring set sells for $15 and l(Gimme sells on average 4mm spring sets per period. Required: a. Competition hasentered the market and is selling spring sets for an introductory:r price of $615. lCan lGimls-le hianul'acturing Inc_meet this price and still make a prot? 11. How would your answer to requirement a. change if Gimble sells on average S spring sets per period. c. 1l1"'|.i"l'|at should W hianuiacturing Inc.'s management do in the shortrun and for the longterm if it appears that $66 is going to be the new market price for the future