2. A firm is trying to decide whether to make a component in-house or contract it out to an independent supplier. The manufacturing process of the component requires an unrecoverable, specialized investment. The most efficient independent suppliers are located in countries with currencies many experts think will appreciate significantly in the next decade. a. What are the pros and cons of manufacturing the component in-house? b. What are the pros and cons of outsourcing to an independent contractor? c. What is your recommendation? Why