Racer Industries is currently purchasing Part No. 76 from an outside supplier for $98 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 282,000 units at variable manufacturing costs of $93 per unit. Racer must acquire $98,000 of new equipment if it reopens the plant. The equipment has a 6-year service life, a $15,800 salvage value, and will be depreciated by the straight-line method. Repairs and maintenance are expected to average $7,000 per year in years 4-6, and the equipment will be sold at the end of its life. Year 1 FV of $1 at 221 1.220 2 1.488. 1.816 2.215 2.703 3.297 PV of an ordinary annuity at 22 FV of an ordinary annuity at 22 1.000 PV of $1 at 221 0.820 0.820 2.220 0.672 1.492 3.708 0.551 2.042 5.5241 0.451 2.494 7.740 10.442 0.370 0.303 2.864. 3.167 Required: Use the net-present-value method (total-cost approach) and a 22% 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.) Buy: Purchase Make: Variable manufacturing costs New Equipment Repairs and maintenance - Equipment sale $ 4,787 Total Racer should make or buy Make