Your company is trying to decide which of the two following devices should be selected Device A: costs $1,000 but can save $300 annually Device B: costs $1,350 but can save $300 the first year, but savings is increased $50 annually thereafter. Both devices have 5-year useful life and no salvage value. Interest rate is 7% 1. Draw cash flow diagram for each device 2. Calculate the Benefit/Cost ratio of the increment between these two devices 3. Which device should your company purchase? Upload Choose a File