A company has a process that results in 24,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to process Product A further at a cost of $160,000 and then sell it for $14 per pound. Should management sell Product A now or should Product A be processed further and then sold? What is the effect of the action?

a. Process further, the company will be better off by $16,000

b. Sell now, the company will be better off by $16,000

c. Process further, the company will be better off by $144,000

d. Sell now, the company will be better off by $160,000

How do I solve this?

Thank you