The annual compound interest rate is 6%. Please perform the following calculations for both plans: TA A company has received two alternate bids for a reaction step in their process as follows: Plan A Plan B Type of equipment Batch Continuous Initial cost of equipment $15,000 $35,000 Annual cash expenses $20,000 $12,000 (excluding depreciation cost) Service life 10 years 15 years Salvage value (at end of service life) $1,000 $2,000 Q.3(a) Capitalized equipment cost [4] Q.3(b) Capitalized annual cash expenses [4] Q.3(c) Total capitalized cost [4] Q.3(d) Which plan do you recommend? [3]