The production of paper requires large amounts of water and Auburn Paper needs to invest in a new waste water treatment process to bring the company into compliance with the state's bylaws. Specifically, the firm is considering two mutually exclusive investments, which will be repeated for the foreseeable future. The appropriate discount rate for this project is 10 percent. Option 1 costs $500 today and costs an additional $200 each year for two years. Option 2 costs $250 today and costs an additional $300 each year for three years. Which should you choose and why? Be sure to clearly show your calculations and explain how you reach your conclusion