3. Parries Confectionery Company is considering the introduction of a new toffee. It requires four processes: A, B, C, and D in sequence. The equipment required for each process is available in the company now and is dedicated to the production of another type of candy. Although some capacity is available on all the equipment types, management is not sure whether they need to buy additional pieces. To aid management in decision making, the following information is available: (a) The four pieces of equipment-one for each type-are available 50% of the time. (b) The company operates one shift per day (8 hours) and 250 days per year. TABLE 2.5 Production Data for Mediquip Co, Inc, in Exercise 9 Part Name: Handle Oper Code 10 20 30 40 Machine Code 2053 1226 3029 3007 Machine Name Lathe Drill Knurl Buff Prepared by SSH Required Output 103 100 100 100 Scrap Rate (%) 12 10