2. (2.5 points) The management of an electronics manufacturing firm believes it is desirable to automate its production facility. The automated equipment would have a 10-year life with no salvage value at the end of 10 years. The plant engineering department has surveyed the plant and has suggested there are eight mutually exclusive alternatives. Plan 1 2 Initial Cost (thousands) $265 220 180 100 305 130 245 165 Net Annual Benefit (thousands) $51 39 26 15 57 23 47 33 4 5 6 7 8 If the firm expects a 8% rate of return, which plan, if any, should it adopt