Problem 7-2 Pearl City College is considering outsourcing grounds maintenance. In this regard, Pearl City has received a bid from Highline Grounds Maintenance for $278,500 per year. Highline states that its bid will cover all services and planting materials required to "keep Pearl City's grounds in a condition comparable to prior years." Pearl City's cost for grounds maintenance in the preceding year were $287,800, as follows: Salary of three full-time gardeners Plant materials Fertilizer Fuel Depreciation of tractor, mowers, and other miscellaneous equipment Total $180,500 73,100 10,600 11,200 12,400 $287,800 Analyze the 1-year financial impact of outsourcing grounds maintenance. Net of outsourcing in year 1 is $ LINK TO TEXT How will savings in the second year differ from those in year 1? of $ In the second year, savings will by $ There will be a net Click if you would like to Show Work for this question: Open Show Work