11. 5.11 A 600-ton press used to produce composite-material fuel cell components for automobiles using proton exchange membrane (PEM)

technology can reduce the weight of enclosure parts up to 75%. At MARR = 12% per year, use tabulated factors to calculate the (a)

capital recovery, and

(b) total annual revenue required.

(c) Solve using a spreadsheet. Installed cost = $−3.8 million n = 12 years Salvage value = $250,000 Annual operating costs = $−350,000 in year 1, increasing by $25,000 per year