Price Technologies, a California-based high-tech company, is considering outsourcing some of its production activities. Three companies have responded to its request for bids. CEO Willard Price decided to perform factor-rating analysis using the numbers his OM team came up with. The rating scale is from 1 to 5, with 5 being the most satisfactory. Criterion Weight Supplier 1 (Rating) Supplier 2 (Rating) Supplier 3 (Rating) Labor 0.3 4 4 5 Logistics system 0.1 3 4 3 Price 0.4 4 3 3 Management 0.2 5 4 3 Which supplier should Mr. Price choose? Please provide the overall ratings of each supplier for full credit. For each overall rating, please provide at least one step of calculation.