Racer Industries is currently purchasing Part No$.76$ from an outside supplier for $$84$ per unit. Because of supplier reliability problems, the company is considering producing the part internally in an idle manufacturing plant. Annual volume over the next $6$ years is expected to total $296,000$ units at variable manufacturing costs of $$79$ per unit.

Racer must acquire $$84,000$ of new equipment if it reopens the plant. The equipment has a $6-$year service life, a $$14,400$ salvage value, and will be depreciated by the straight$-$line method. Repairs and maintenance are expected to average $$5,600$ per year in years $4-6,$ and the equipment will be sold at the end of its life.

$\backslash$table$[[,$FV of $$1$ at$,$FV of an ordinary,PV of $$1$ at$,$PV of an ordinary$],[$Year$,14\%,$annuity at $14\%,14\%,$annuity at $14\%],[1,1\mathrm{.}140,1\mathrm{.}000,0\mathrm{.}877,0\mathrm{.}877],[2,1\mathrm{.}300,2\mathrm{.}140,0\mathrm{.}769,1\mathrm{.}647],[3,1\mathrm{.}482,3\mathrm{.}440,0\mathrm{.}675,2\mathrm{.}322],[4,1\mathrm{.}689,4\mathrm{.}921,0\mathrm{.}592,2\mathrm{.}914],[5,1\mathrm{.}925,6\mathrm{.}610,0\mathrm{.}519,3\mathrm{.}433],[6,2\mathrm{.}195,8\mathrm{.}536,0\mathrm{.}456,3\mathrm{.}889]]$

Required:

Use the net$-$present$-$value method $($total$-$cost approach$)$ and a $14\%$ hurdle rate to determine whether Racer should make or buy Part No$.76.$ Ignore income taxes. $($Negative amounts should be indicated by a minus sign. Round your answers to the nearest dollar amount.$)$