Lifetime Pet Food produces a vast variety pet food from the highest quality raw materials. Located in St Marys, Ontario, in the middle of Ontarios agricultural belt, the company is ideally located for local ingredient sourcing and distribution throughout Canada and USA. Lifetime Pet Food is planning on its expansion and is considering the following twoLifetime Pet Food produces a vast variety pet food from the highest quality raw materials. Located in St Marys, Ontario, in the middle of Ontarios agricultural belt, the company is ideally located for local ingredient sourcing and distribution throughout Canada and USA.Lifetime Pet Food is planning on its expansion and is considering the following two projects, as described below. The companys required rate of return on investment in equipment and machinery is $10\%.$Project $1$: To purchase a new packaging machine for the dog food line. T