A company is considering purchasing a single station production machine from different suppliers. Each supplier submitted a proposal for the selected machine; the purchasing department summarized the offer of each supplier in the table below: Cycle time Availabilit Setup (min/batc Batch Size(parts) Working time Initial Cost ($) Variable Cost ($/product) 0.17 $ Machine 2.54 sec 510 40 min 90.9% 8 hr/day5 days/week 250 000 Machine 6.46 sec 4000 175 min 74.9% 8 hr/day7 days/week 120 000 0.22 $ The Machines life time is 5 years for machine 1 and 6 for machine 2, and salvage at the end of the machine life is zero, use an interest rate of 11%. If the company works 48 weeks / year, and the yearly demand is 820,000 products, a) Find the production capacity for each machine per year? b) The total cost needed to reach the required yearly demand for each machine? c) Based on (a) and (b), which machine should the company purchase, why? A company is considering purchasing a single station production machine from different suppliers. Each supplier submitted a proposal for the selected machine; the purchasing department summarized the offer of each supplier in the table below: Cycle time Availabilit Setup (min/batc Batch Size(parts) Working time Initial Cost ($) Variable Cost ($/product) 0.17 $ Machine 2.54 sec 510 40 min 90.9% 8 hr/day5 days/week 250 000 Machine 6.46 sec 4000 175 min 74.9% 8 hr/day7 days/week 120 000 0.22 $ The Machines life time is 5 years for machine 1 and 6 for machine 2, and salvage at the end of the machine life is zero, use an interest rate of 11%. If the company works 48 weeks / year, and the yearly demand is 820,000 products, a) Find the production capacity for each machine per year? b) The total cost needed to reach the required yearly demand for each machine? c) Based on (a) and (b), which machine should the company purchase, why