Question: patrix industries manufactures iphone case covers wyenne williams the ceo...

Patrix Industries manufactures iPhone case covers. Wyenne Williams​, the​ CEO, is trying to decide whether to adopt a lean thinking model. She expects that adopting lean production would save $ 87 comma 000 in warehousing expenses and $ 51 comma 000 in spoilage costs. Adopting lean production will require several​ one-time up-front​ expenditures: $ 12 comma 500 for an employee training​ program, $ 95 comma 000 to streamline the​ plant's production​ process, and $ 7 comma 750 to identify suppliers that will guarantee zero defects and​ on-time delivery. 1. What are the total costs of adopting lean​ production? 2. What are the total benefits of adopting lean​ production? 3. Should the company adopt lean​ production? Why or why​ not?