Welcome to MunInsight. Canada's largest consulting firm dedicated to helping municipalities make strategic decisions using best practices in engineering economics and project management. For your first assignment, you've been tasked with comparing the following two processes. The table summarizes the costs associated with each. Process A Process B First Cost $500,000 $800,000 Salvage $66,000 $80,000 Annual Savings $40,000 $70,000 $1000 occurs every other Maintenance $3000 every 3 years year, starting the first year and increases by $500 each time Service Life 20 16 1- Enter the payback period for Process A in years: 2- Enter the payback period for Process B in years: 3- According to the payback period, which process should they choose? a.Process A b.Process B s. They are equivalent d. None 4- Both processes provide water that is up to Canada's national standards. However, Process B exceeds these standards, but it's difficult to quantify how much this higher quality vrater is worth. How would you advise the City of Saskatoon to incorporate this difference in quality in their decision