The Vice President for Sales and Marketing at Waterways Corporation is planning for production needs to meet sales demand in the coming year. He is also trying to determine how the company's profits might be increased in the coming year. This problem asks you to use cost-volume-proft concepts to help Waterways understand margins of some of its products and decide whether to mass-produce any of them. Waterways markets a simple water control and timer that it mass-produces. Last year, the company sold 720,000 units at an average selling price of $4,90 per unit. The variable costs were $2,116,800, and the fixed costs were $945 504 Waterways is thinking of mass-producing one of its special-order sprinklers. To do so would increase variable costs for all sprinklers by an average of s0.60 per unit The company also estimates that this change could increase the overall number of sprinklers sold by 10% and the average sales price would increase $0.20 per unit. Waterways currently sells 489,000 sprinkler units at an average selling price of $28.20. The manufacturing costs are $8,393,890 variable and $1,283,761 fixed Selling and administrative costs are $2,637,950 variable and $800,440 fixed. if waterways begins mass producing its special order sprinklers, how would this affect the company? Round ratio to O decimal places eg 5% and Net income to O decimal places, e-g. 2,520.) New Effect n ratio Net income