ME 440640Homework 2 Due Tuesday February 6 in class 1 The pu

ME 440/640-Homework 2 Due: Tuesday, February 6, in class 1. The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hot-rolled steel was $1.4 million for the first 5 years starting from year 2. An effective energy conservation program resulted in a reduced cost to $1.77 million in year 7, $1.74 million in year 8, and amounts decreasing by $30,000 each year through year 15. determine the equivalent values listed below at 16% per year. the equivalent annual series of the pumping costs over the last 10 years. a) b) the equivalent annual series of the pumping costs from year 3 to 10. c) Equivalent worth of the project at the end of year 6. d) the initial cash flow of the equivalent geometric series with increase rate of 15% starting from year 3 and ending in year 20. 2. ine

Solution

Ans) Option(A) The equivalent annual series of the pumping costs over the last 10 years.