Required information [The following information applies to the questions displayed below] Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow. Model no. 6754 Variable costs, $18.00 per unit Annual fixed costs, $986,100 Model no. 4399: Variable costs, $11.80 per unit Annual fixed costs, $1,114,400 Corrigan's selling price is $69 per unit for the universal gismo, which is subject to a 10 percent sales commission. (In the following requirements, ignore income taxes.) 2-a. Calculate the net income of the two systems if sales and production are expected to average 48,000 units per year Net Income Model No. 6754 Model No. 4399 2-b. Which of the two systems would be more profitable