The operating cost for a pulverized coal cyclone furnace is expected to be $80,000 per year. The steam produced will be needed for only 6 years beginning now (i.e., years 0 through 5). What is the equivalent annual worth in years 1 through 5 of the operating cost at an interest rate of 10% per year?
What will be an ideal response?
A = 80,000(A/P,10%,5) + 80,000
= 80,000(0.26380) + 80,000
= $101,104
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