2a. A food processing plant produces 9,400 McFast apple packs (each weighing 500 g) every hour. The plant production lines run 8 hours a day, 5 days a week all year (52 weeks in a year). The packs are sold to McFast at $3.75ikg. Each production day the plant receives 42,500 kg of apples from cold storage at a cost $2.12 /kg. A vender shows data that new apple peelers and corers will reduce waste by 25%. The coststo retrofit the entire plant with the more efficient equipment will be $2,255,728 and operating costs will not increase. Corporate will not consider capital improvements unless the simple payback period is less than 2 years. Should the company invest in the new equipment? Show all calculations and units required to derive the payback period so that a decision can be prepared. Assume 3 significant figures