QUESTION 1 in photo.

2. if rhe firm does add new equipment the profit will be $?

3. based on the given info, the decision should be to (STAY AS IS OR ADD NEW EQIUPMENT?)

Score: 0 of 3 pts 5 of 11 (9 complete) HW Score: 21.05%, 4 of 19 pt Problem S7.24 An electronics firm is currently manufacturing an item that has a variable cost of $0.45 per unit and a selling price of $0.95 per unit. Fixed costs are $16,000. Current volume is 35,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $5,600. Variable cost would increase to $0.70 and the selling price would be revised to $1.05 with the expectation that the volume would be 50,000 units as a result of a higher quality product If the firm does not add new equipment, its profit will be-dollars (round your response to the nearest whole number and include a minus sign if the promit is negative)