A、They have new equipment. B、New equipment have been installed long ago. C、New equipment should have been installed long ago. D、

W: Hello, Gary. How’re you?
M: Fine! And yourself?
W: Can’t complain. Did you have time to look at my proposal?
M: No, not really. Can we go over it now?
W: Sure. I’ve been trying to come up with some new production and advertising strategies. First of all, if we want to stay competitive, we need to modernize our factory. New equipment should have been installed long ago.
M: How much will that cost?
W: We have several options ranging from one hundred thousand dollars all the way up to half a million.
M: OK. We’ll have to discuss these costs with finance.
W: We should also consider human resources. I’ve been talking to personnel as well as our staff at the factory.
M: And what’s the picture?
W: We’ll probably have to hire a couple of engineers to help us modernize the factory.