7. (10 pts )WXYZ is needing to implement new safety procedures at it's processing plant. The different potential solutions identified include: investing $1,000,000 in a reconfiguration of it's production line (assume these costs will be incurred immediately) spending $400,000 per year for worker protection equipment The corporate office has asked for you to provide an analysis employing all of capital budgeting criteria and tools at your disposal. If the expected timeframe is 3 years and the firm's cost of capital is 9 percent, which alternative should the firm choose? Why? 7. (10 pts )WXYZ is needing to implement new safety procedures at it's processing plant. The different potential solutions identified include: investing $1,000,000 in a reconfiguration of it's production line (assume these costs will be incurred immediately) spending $400,000 per year for worker protection equipment The corporate office has asked for you to provide an analysis employing all of capital budgeting criteria and tools at your disposal. If the expected timeframe is 3 years and the firm's cost of capital is 9 percent, which alternative should the firm choose? Why