Please show your work for a),b), c)

Assuming that the interest rate is 12%, complete the following tasks:

(a) Determine the annual savings for each process.(like above pic)

(b) Determine the hourly savings for each process, assuming 2000 hours of operation

per year?

(c) Determine which process should be selected?

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 $31,000. 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.)