Due to data errors occurring from time to time in processing the Albert Company's payroll, the company's management is considering the addition of a data validation control procedure that is projected to reduce the risk of these data errors from 13% to 2%. The cost of the payroll reprocessing is estimated to be $11,000. The cost of implementing the data validation control procedure is expected to be $700. Which of the following statements is true? The data validation control procedure should be implemented because its net estimated benefit is $510. O The data validation control procedure should not be implemented because its cost of $700 exceeds the expected benefit by $480. O The data validation control procedure should not be implemented because its net estimated benefit is a negative $1,210. O The data validation control procedure should be implemented because its cost of $700 is less than the payroll reprocessing cost of $1,430.