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A private company wants to construct a waste-to energy plant that will have a capital cost of $20,000,000 and an operating cost of $300,000 per

A private company wants to construct a waste-to energy plant that will have a capital cost of $20,000,000 and an operating cost of $300,000 per year.They expect to receive 300 tons of refuse per day and the facility is to have a useful life of 15 years.The community insists that they will not pay more than $40 per ton to the company for disposal of their solid waste.What interest rate must the company obtain on their $20,000,000 loan to break even?

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