An anticorrosive coating for a chemical storage tank will cost $5000 and last 5 years if touched

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An anticorrosive coating for a chemical storage tank will cost $5000 and last 5 years if touched up at the end of 3 years at a cost of $1000. If an oil-base enamel coating could be used that will last 2 years, the amount the enamel coating can cost for the two to breakeven at i = 8% per year is closest to:
(a) $2120
(b) $2390
(c) $2590
(d) $2725

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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