WatenNays is thinking of masseproducing one of its specialeorder sprinklers. To do so would increase variable costs for all sprinklers by an average of $0.70 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. Watenivays currently sells 501,000 sprinkler units at an average selling price of $28.60. The manufacturing costs are $8,831,600 variable and $1,395,533 fixed. Selling and administrative costs are $2,631,280 variable and $787,310 fixed. If Waterways begins masSeproducing its specialeorder sprinklers, how would this affect the company? (Round ratio to 0 decimal places, 6.9. 5% and Net income to 0 decimal places, e.g. 2,520.) Current New Effect Contribution margin ratio 20% 22 % Increase v by 2 \"lo Netincome $ 682877 $ 833110 Increase V M $ 150233 LINK To TEXT LINK TO TEXT LINK TO TEXT WatenNays 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 $0.70 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 501,000 sprinkler units at an average selling price of $28.60. The manufacturing costs are $8,831,600 variable and $1,395,533 fixed. Selling and administrative costs are $2,631,280 variable and $787,310 fixed. If the average sales price per sprinkler unit did not increase when the company began masseproducing the specialeorder sprinkler, what would be the effect on the company? (Round answers to 0 decimal places, e.g. 5% or 2,520.) Contribution margin ratio r by \" Prot v by $ Click if you would like to Show Work for this question: Qpen Show Work