Vermillion College is considering outsourcing grounds maintenance. In this regard, Vermillion has received a bid from Highline Grounds Maintenance for $316,700 per year. Highline states that its bid will cover all services and planting materials required to "keep Vermillion's grounds in a condition comparable to prior years." Vermillion's cost for grounds maintenance in the preceding year were $326,000, as follows: Salary of three full-time gardeners Plant materials Fertilizer Fuel Depreciation of tractor, mowers, and other miscellaneous equipment Total $210,700 80,900 9,700 12,600 12,100 $326,000 If Vermillion College outsources maintenance, it will be able to sell equipment for $29,700, and the three gardeners will be laid off. x Your answer is incorrect. Try again. Analyze the 1-year financial impact of outsourcing grounds maintenance. XLLLLLLLL Net benefit of outsourcing in year 1 is $ LINK TO TEXT x Your answer is incorrect. Try again. How will savings in the second year differ from those in year 1? IXI of In the second year, savings will decrease by s J. There will be a net cost Click if you would like to Show Work for this question: Open Show Work