Digitel Electronics engineering and marketing departments have prepared forecasts for the development costs and operating profits of the next generation of their digital electrical meters. Development costs for each of the next three years will be $50,000.Manufacturing equipment costing $100,000 will be purchased near the end of Year 3. Annual profits for the normal five-year product life (Years 4 to 8 inclusive) are projected to be $80,000. The salvage value of the manufacturing equipment at the end of Year 8 is $20,000. Use NPV as your selection criteria. Should Digitel proceed with the product development if its annually compounded cost of capital is: a. 14%? b. 17%?