Problem 8-6 (Algo) Ches A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS, or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for building. equipment, and administration would be $57,000 for Memphis, $67,000 for Biloxi, and $102,000 for Birmingham. Labor and materials are expected to be $5 per unit in Memphis, $5 per unit in Biloxi, and $5 per unit in Birmingham. The Memphis location would increase system transportation costs by $56,000 per year, the Biloxi location by $66,500 per year, and the Birmingham location by $25,200 per year. Expected annual volume is 14,200 units. Memphis Biloxi Birmingham Total Cost As