A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for building, equipment, and administration would be $38,000 for Memphis, $60,000 for Biloxi, and $100,000 for Birmingham. Labor and materials are expected to be $8 per unit in Memphis, $4 per unit in Biloxi, and $5 per unit in Birmingham. The Memphis location would increase system transportation costs by $50,000 per year, the Biloxi location by $60,000 per year, and the Birmingham location by $28,600 per year. Expected annual volume is 19,200 units.(Omit the \"$\" sign in your response.) A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for building, equipment, and administration would be $38,000 for Memphis, $60,000 for Biloxi, and $100,000 for Birmingham. Labor and materials are expected to be $8 per unit in Memphis, $4 per unit in Biloxi, and $5 per unit in Birmingham. The Memphis location would increase system transportation costs by $50,000 per year, the Biloxi location by $60,000 per year, and the Birmingham location by $28,600 per year. Expected annual volume is 19,200 units.(Omit the \"$\" sign in your response.) Solution Expected Annual Volume is 19,200 units Description Memphis TN Biloxi MS Birmingham AL Building, equipment and Administration $ 38,000.00 $ 60,000.00 $ 100,000.00 System Transportation $ 50,000.00 $ 60,000.00 $ 28,600.00 Labor an Materials $ 153,600.00 $ 76,800.00 $ 96,000.00 Total Cost $ 241,600.00 $ 196,800.00 $ 224,600.00.