(a) Determine the equivalent annual savings for each process.

The equivalent annual savings for process A are $

The equivalent annual savings for process B are $

(b) Determine the hourly savings for each process if will be in operation of 3000 hours per year.

The hourly savings for process A are $

The hourly savings for process B are $

(c) Which process should be selected? Choose the correct answer below.

Process B

Process A

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 $41,000. Assume an interest rate of 6%