You and your team of purchasing agents are now very familiar with your company Better Boat Bunks.Initially you created an RFQ to gather information in order to purchase eight components from outside sources and to explain your criteria for qualifying your possible sources of supply. Next, based upon the Presidents concerns your team evaluated the make or buy considerations for the crank wheel, boat cradle and the aluminum frame components and prepared a list of important specifications that would be required if you outsourced these components to outside firms$/$suppliers$.$ Based upon your previous work in the two previous problem assignments and the details contained within each of them your purchasing team now has the following tasks to complete to buy the required

components from outside suppliers:

Based upon the production plan to produce $200$ boat lifts in one production run your team must ensure that you will purchase the correct quantities and consider the total cost of ownership of the materials to be purchased and not just the price of each component. Explain$/$justify how you have taken Total Cost of Ownership into consideration.