Critical Thinking: Chapter 11 Example Answer Overview: These problems are meant to encourage deeper thinking on the material presented in the textbook. You are to answer ALL questions presented in the problem using the knowledge you have gained throughout the tentbook. However, do not simply repeat what is in the book. Use that infomation and interpret it the best you can to apply it to the situation. Requirements: Review the information and questions below. Provide a detalled 4.5 sentence explanation on how you would solve the problem or issue, based not only on the readings in the chapter, but your own personal experience and/or any additional outside research you perform. If quoting a source directly, make sure to cite that source, but do not rely solely on quoted materials. Lssue: Sandy Willams is the manager of General Company's curting department, which employs 70 people. The cutting dopartmant decperately needs new equipment to increace producthity and thus avoid the layolf of 25 poople. This department is one of four departments being considered for new oquipment. The budget committee has announced that only one department's capital roquest will be apgroved this year. Williams works up the cost savinffs from the new machinery and contacts suppliers to learn the equipment's estimated cost. Wliliams knows that General Company uses the paybock method to evaluate capital projects. The estimated costs for the equipment are extremely high, particularly with all the safety shields recommended by the manufacturer. If one of these recommended safety foatures, electronic safety sensors not on the current equipment, were left ott, the cost would be $200,000 bess and the payback peciod would decrease by three years. If ealy minimum electronic safoty sensors required by the union contract were included, the cost would be 570,000 less and the payback period would decrease by one year. Questions to be Answered. 1) What are the ethteat considerations sandy willams tacos as she propares the cquipmenit proposal