A 20 . The lowa Air Resources Board is requiring refiners in Iowa to produce, jetspizzated gasoline ( RFG ) to reduce* pollution . The required equipment costs $5 its $500 million , is expected to [ast 30 years For tax purposes , the equipment must be depreciated straight line over 20 years. The refiner's total production of R.FG is( 80.0 million gallons per year . The tax rate is 40%6 , cost of capital ( nominal is;10%6 , and the expected inflation rate 24 15 3%6. The company must raise the retail price of gasoline to recover its investment_ Calculate the increase* per gallon for year five (time 51 to 4 decimal points ( 2. 9. 50.0123). (171\\ \\14 m HAVE TAI \\1: 03 5 2 0 . 0 69 NAV outlay - 5% 508 . FAC , 7.1 1 4 FAX ( 1 . 03 ), EAGLES ) \\1 : 12 1: 1 4 + . .. + EACH log^D) EAS [ 1 - 4``` \\1 . 150 ) 30 2 \\1 4 - 2 ExC, ~ 47.84 47) GALS = EAC , ( 1. 03)* 8 ~ 5 3. 8497 Increase in price per gallon\\ (1 - 7 ) - 2 for year five \\53 . 8497 \\90 0