Functional Comparison Machine Design -- 4

Hello All ,
I want you to design a small machine which will clearly show the power consumption of a hub bearing , when hub bearing is rotating at 300 rpm or less . The power consumption of the bearing can be shown through a digital meter or oscilloscope. I need to compare the power consumption of various hub bearings . In this , you can measure torque of hub bearing and that torque of hub bearing can be converted in to ampere or other which will clearly show the power consumption . For your reference I have attached herewith the hub bearing , which required to be tested ; in attached document. Hub bearings have two flanges . I want you to fix one flange by some method and rotate other flange at 300 rpm or less .
Scope of the project :
1. Detailed component and assembly drawing of the machine
2. Complete electrical and oscilloscope details .
3. Complete details as to how this machine will work and its functioning
4. Machine should be capable of working on single phase
5. Machine should not be big and can be easily transportable.
6. Over all cost of the machine should be around $1000.{One thousand dollars ]

Ideal Skills:
- Mechanical Engineering
- Product Design
- Industrial Design
- Oscilloscope data and interpretation with graphs
Experience:
- Previous work in Industrial or Product Design
- Experience in designing multi-functional machines.