Reconsider the scenario presented in Example 16.1, which details a firm considering purchasing a small turret lathe to manufacture part number 163H for the B&K Corporation.

a. What additional assumptions/data would be required to complete an economic analysis to determine if the turret lathe should be purchased?

b. What source(s) would you pursue to obtain the data you identified in Part a?

c. Given the facts and data presented, as well as any additional assumptions you made and data you acquired, should the turret lathe be purchased?