Taser Company has to purchase some new equipment. Two manufacturers have provided the following information: Equipment A Equipment B $90,000 $67,500 Initial costs Estimated life Annual savings 5 years 5 years $22,500 $24,000 Because the company requires a present value analysis, the following present value factors are furnished: Period Present Value of an Annuity of $1.00 @ 10% 0.90909 Present Value of $1.00 @10% 0.90909 0.82645 0.75131 0.68301 0.62092 1.73554 2.48685 3.16987 3.79079 Required: a. Determine the present value of annual savings for each piece of equipment. Show your calculations clearly. b. What is the payback for each piece of equipment? Show your calculations clearly. C. Which investment is preferable? Why