5. A company is considering two types of equipment for its manufacturing plant. Pertinent data are as follows: Equipment Type A B Initial Cost 200 000 300 000 Annual Operating Cost 32 000 24 000 Annual Labor Cost 50 000 32 000 Other Costs 14 000 21 000 Life 10 years 10 years Salvage Value 0 0 If the minimum required rate of return is 15%, which equipment should be selected? Use a) annual cost analysis; b) present worth analysis, and c) equivalent uniform annual cost method