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Agadgets producer currently manufacture 300,000 unit per year. itbuts gadgets lids from an outside supplier at a price of 2.1$ perlid. the plant manager believes that it would be cheaper to makethese lids rather than buy them. direct production cost areestimated to be only 1.6$ a lid. the neccessary machinery wouldcost 155000$ and would last 10 years. this investment could bewritten off for tax deprecition schedule. the plant managerestimates that the operation would require additional workingcapital of 32000$ but argues that the sum can be ignored since itis recoverable at the end of 10 years. if the company payscorporate taxes at a rate of 35% and the opportunity cost ofcapital is 15%. would you support the plant manager’s proposal?state clearly any additional assumption that you need to make tosupport your position. prepare solution under excel