schoolwork During class ime Question 17 Not yet answered Points out of 1.00 P Flag question Modifying your Adventurer product with a Cost Reduction Development Project will reduce the prime cost (manufacturing cost per unit) of your products. Assume you sold 23,906 units of your Adventurer Bike last year and the current Prime Cost for that bike is $275 per unit. For $1,000,000 development expenditure you will be able to reduce your Prime Cost to $246 per unit. If you went ahead with this development, how much is this project likely to save you in production costs over the next year if sales remain constant? Select one: O a. $1,081,197 b. $1,195,301 OC. $762,429 O d. $693,274 W 29 A