Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) The Fischer-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide} into liquid

image text in transcribed
image text in transcribed
1) The Fischer-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide} into liquid with some gaseous hydrocarbons. Interestingly, the FT process was used in World War II to make gasoline and other fuels. (5 points} a. If the US. military can save one billion gallons per year of foreign oil by blending its jet fuel with FT products, how much can the government afford to invest (through tax breaks and subsidies) in the FT industry in the United States? The government's MARR is 10% per year, the study period is 30 years, and one gallon of jet fuel costs $2.50. b. If Congress appropriates $40 billion to support the FT process industry, what is the simple payback period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Today The Essentials

Authors: Roger LeRoy Miller

12th Edition

035703791X, 9780357037911

More Books

Students also viewed these Economics questions

Question

6. How can a message directly influence the interpreter?

Answered: 1 week ago