Two electric motors are being considered to drive a centrifugal pump. One of the motors must be
Question:
a. If electricity costs $0.07 per kilowatt-hour, which motor should be selected if the MARR is 8% per year? Recall that 1 hp=0.746 kW. Assume repeatability.
b. What is the basic trade-off being made in this problem?
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...
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a Assume repeatability so that AWs can be directly compared over a 15year study pe...View the full answer
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Related Book For 
Engineering Economy
ISBN: 978-0133439274
16th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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