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FE: A company can manufacture a product using hand tools. Tools will cost $1,000, and the manufacturing cost per unit will be $1.50. As an

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FE: A company can manufacture a product using hand tools. Tools will cost $1,000, and the manufacturing cost per unit will be $1.50. As an alternative, an automated system will cost $15,000 with a manufacturing cost per unit of $0.50. If the anticipated annual volume is 5,000 units and interest is neglected, the payback period (yrs) to buy the automated system rather than the hand tool method is most nearly: ONever 02.8 years 03.6 years O 15 years

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