(c) The production director of Springer plc recently said: \"We must continue to manufacture the component as only one year ago we purchased some special grinding equipment to he used exclusively by this component. The equipment cost 100 000, it cannot be resold or used elsewhere and if we cease production of this component we will have to write off the written down book value which is 80 000.' Draft a brief reply to the production director conunenting on his statement. (4 marks) (Total 17 marks)