New Growth Proposal After researching the market, RMC has determined that adding a new product would help stimulate growth and profitability. They are considering two options: 1) Manufacture the part themselves by buying new equipment 2) Outsource the part through a third-party vendor Option 1: Manufacture with New Equipment Cost of New Equipment $500,000 8 Years, Loan Terms 5% Fixed Interest Expected Annual Revenue $300,000 Profit Margin After Tax (Including Interest): Year 1, Year 2, Years 3-10 15%, 20%, 30% Option 2: Outsource Expected Annual Revenue $300,000 Annual Profit Margin After Tax 10% Return For Option 1 of the Growth Proposal, how long would it take RMC to pay back the investment on new equipment