Question: 5. The cash flows in the table below represent the potential annual savings associated with two different types of production processes, each of which requires

5. The cash flows in the table below represent the potential annual savings associated with two different types of production processes, each of which requires an investment of $40,000. Assume an interest rate of 12% Click the icon to view the data for cash flows. Click the icon to view the interest factors for discrete compounding when / - 12% per year. (a) Determine the equivalent annual savings for each process. The equivalent annual savings for process A are $ (Round to the nearest dollar.) The equivalent annual savings for process Bare $ (Round to the nearest dollar) (b) Determine the hourly savings for each process it will be in operation of 3,000 hours per year. The hourly savings for process Aare S (Round to the nearest cent.) The hourly savings for process Bares (Round to the nearest cent.) (c) Which process should be selected? Choose the correct answer below. OO Process B Process A

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