Consider two forestry firms in Saskatchewan -Bunyan's Timber and Wendigo Wood Cutters. Bunyan's has adopted the latest safety equipment so that only 1 in 5,000 workers die each year. Wendigo has not adopted the latest safety equipment, and consequently it expects 1 in 2,000 workers to die each year. What is the value of a life implied by the labor market if the annual salary paid by Bunyan's Timber is $70,000 (Canadian dollars) while the annual salary paid by Wendigo Wood Cutters is $72,400?