You have been asked to investigate ways to improve the product and report back to your engineering manager. You have sourced: a. A Brake Sensor component that costs $15.0 more and has a probability of failure of 0.03 and requires a change to the production line that will cost $100 000 b. A Brake Actuator that costs $25.00 less and has a probability of failure of 0.01 1. Calculate the current amount of time for this product to break even (Answer in years to one decimal point) 2. To investigate option a. Above a. Calculate the new time for the product to breakeven b. Calculate the change in the chance that the product will fail 3. To investigate option b. Above a. Calculate the new time for the product to breakeven b. Calculate the change in the chance that the product will fail 4. Which option would you suggest to management and why? You have been asked to investigate ways to improve the product and report back to your engineering manager. You have sourced: a. A Brake Sensor component that costs $15.0 more and has a probability of failure of 0.03 and requires a change to the production line that will cost $100 000 b. A Brake Actuator that costs $25.00 less and has a probability of failure of 0.01 1. Calculate the current amount of time for this product to break even (Answer in years to one decimal point) 2. To investigate option a. Above a. Calculate the new time for the product to breakeven b. Calculate the change in the chance that the product will fail 3. To investigate option b. Above a. Calculate the new time for the product to breakeven b. Calculate the change in the chance that the product will fail 4. Which option would you suggest to management and why