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 i = 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.) More info n 0 1 A NOS Process A - $40,000 $19,120 $17,840 $16,560 $15,280 Process B - $40,000 $17,350 $17,350 $17,350 $17,350 2 3 4 Gradient Series Single Payment Compound Present Amount Worth Factor Factor (F/P, i, N) (PIF, i, N) 1.1200 0.8929 1.2544 0.7972 1.4049 0.7118 N Compound Amount Factor (F/A, i, N) 1.0000 2.1200 Capital Recovery Factor (A/P, I, N) 1.1200 0.5917 Gradient Uniform Series (A/G, I, N) 0.0000 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) (P/A, I, N) 1.0000 0.8929 0.4717 1.6901 0.2963 2.4018 0.2092 3.0373 0.1574 3.6048 Gradient Present Worth (P/G, I, N) 0.0000 0.7972 2.2208 1 2 0.4717 0.9246 3 3.3744 0.4163 4 1.5735 0.6355 4.7793 1.3589 0.3292 0.2774 4.1273 6.3970 5 1.7623 0.5674 6.3528 1.7746 6 0.5066 8.1152 4.1114 0.2432 2.1720 8.9302 1.9738 2.2107 2.4760 0.1232 0.0991 7 0.4523 4.5638 2.5515 11.6443 10.0890 12.2997 0.2191 0.2013 8 0.4039 0.0813 14.4714 4.9676 5.3282 2.9131 3.2574 9 2.7731 0.3606 14.7757 0.1877 17.3563 0.0677 0.0570 10 3.1058 0.3220 17.5487 5.6502 0.1770 3.5847 20.2541