A company is planning to invest $100000 (before tax) in a personnel training program. The $100000 outlay will be charged off as an expense by the firm this year (year 0). The returns from the program in the form of greater productivity and a reduction in employee turnover are estimated as follows (on an after-taxbasis):Years 110: $10000 per yearYears 1120: $22000 per yearThe company has estimated its cost of capital to be 12 percent. Assume that the entire $100000 is paid at time 0 (the beginning of the project). The marginal taxrate for the firm is 40 percent. Should the firm undertake the training program? Why or why not?