3) Three alternatives are being considered for improving an operation on the assembly line along with the 'do nothing alternative. Equipment costs vary, as do the annual benefits of each in comparison to the present situation. Each of Plans A, B, and Chas a 10-year life & a scrap value equal to 10% of its original cost. If interest is 8%, which plan, if any, should be adopted? (Hint: work out your costs EUAC and benefits EUAB to find EUAW for each) (16 marks) Installed cost of equipment Material & labour savings per year Annual operating expenses End-of-useful life salvage value Plan A $15,000 14,000 8,000 1,500 Plan B $25,000 9,000 5,000 2,500 Planc $33,000 14,000 5,000 3,300