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2 . A company decides to change its floor plan from cubicle to open office. This will bring in a constant stream of (

2. A company decides to change its floor plan from cubicle to open office. This will bring in a constant stream of \(\$ 1,000\) in extra income annually. If the company invests this extra income in an account that earns \(4.5\%\) continuously compounded interest for ten years, is it worth the change? The change in floor plan costs \(\$ 9,500\).
(a) Find the present value of the income stream.
(b) Based on the present value of the floor plan change, should the company proceed with the change? Why? (Hint: Compare the present value of the income stream to the cost of the floor change)
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