Sharman Athletic Geat Incorporated (SAG) is consideting a special order for 16,500 baseball caps with the logo of East Texas University (ETU) to be purchased by the ETU alumni association. The ETU alumni association is planning to use the caps as gifis and to sell some of the caps at alumni events in celebration of the university's recent national championship by its baseball team. Sharman's full manulacturing cost per hat is $4.50. which includes $2.25 fixed overhead cost related to plant capadity and equipment. ETU has made a firm offer of $44,000 for the hats, and Shatman. considering the ptice to be far below production costs, decides to decilne the offer. Required: 1-a. Determine the total cost of the spedal order. 1-b. In terms of maximizing short-term operating profit, did Sharman make the wrong decision in declining the offer from ETU? Yes. No