Task 4 Al Hamra Oman has recently set up a new production line downstream with an overall investment of 'X' million OMR. The anticipated overheads for the operation of the plant are projected as 'Y' million OMR. The overall benefit to the company has been estimated at 'Z' million OMR. For the maintenance of the plant company is presently considering three options with the following conditions as mentioned below: Option 1: Hiring of 'A' number of workers on daily wages for the assigned maintenance contract with authorize maintenance hours of 8 hrs per day against 5 working days per week. Hourly labor rate in Oman market is average 3 OR per hr. Option 2: Hiring of 'B' number of workers on daily wages for the assigned maintenance contract authorize maintenance hours of 8 hrs per day against 6 working days per week. Hourly labor rate in Oman market is average 3 OR per hr. Option 3: Hiring of 'C' number of workers per shift on daily wages for the assigned maintenance contract, with authorized total maintenance hours of 8 hrs per shift against 4 working days per week. Hourly labor rate in Oman market is average 3 OR per hr. The company operates in two shifts per day Based on the total labor cost select the most appropriate options that company should adopt for a maintenance contract. Justify your answer. [Total Marks 15) Option 1, Apption 2, B Option 3, C 4 45 38 26 Number of workers Overall investment, X, million OMR Anticipated overheads, Y, million OMR Overall benefits, Z, million OMR 0.5 2.5