A) payback period for process A in years

B) payback period for process B in years

C) Compare A and B using Equivalent Uniform Annual Cost (EUAC), assuming an interest rate of 3%. In the space below, show your calculations using factor notation (for example (P/A, i, n)).

Process A Process B First Cost $500,000 $800,000 Salvage $66,000 $80,000 Annual Savings $40,000 $70,000 $1000 occurs every other year, starting the first year and increases by $500 each Maintenance $3000 every 3 years time Service Life 20 16