Apex Chemical Company currently operates three manufacturing plants in Colorado, Utah, and Arizona. Annual carbon emissions for these plants in the first quarter of 2021 are 170,000 metric tons per quarter (or 680,000 metric tons in 2021). Apex management is investigating improved manufacturing techniques that will reduce annual carbon emissions to below 658,000 metric tons so that the company can meet Environmental Protection Agency guidelines by 2022. Costs and benefits are as follows: (Click the icon to view the costs and benefits.) Read the requirements. Requirement 1. If Apex reduces emissions by 3% each quarter, beginning with the second quarter of 2021, will the company reach its goal of 658,000 metric tons by the end of 2022? (Round all intermediary calculations and the amounts you input in the cells to the nearest dollar.) Begin by calculating the quarterly emissions for each quarter through the end of 2022. Quarterly emissions (metric tons) Quarter Data Table 2021 Q1 2021 Q2 2021 Q3 Total cost to reduce carbon emissions $19 per metric ton reduced in 2022 below 680,000 metric tons Fine in 2022 if EPA guidelines are not met $1,957,000 2021 Q4 2022 Q1 2022 Q2 2022 Q3 Print Done 2022 Q4 Will the company reach its goal of 658,000 metric tons by the end of 2022? V reach its goal of 658,000 metric tons by the end of 2022. Requirement 2. What would be the net financial cost or benefit of their plan? Ignore the time value of money. (Use parentheses or a minus sign to show a net benefit.) Net cost (benefit) of plan Requirement 3. What factors other than cost might weigh into Apex's decision to carry out this plan? What do you recommend Apex to do? Apex may be able to V. Apex could choose to end Avoidance of the EPA fine this plan at the end of 2022, and be the company's sole motivation in carrying out this plan. Reducing carbon emissions however, company management Apex Chemical Company currently operates three manufacturing plants in Colorado, Utah, and Arizona. Annual carbon emissions for these plants in the first quarter of 2021 are 170,000 metric tons per quarter (or 680,000 metric tons in 2021). Apex management is investigating improved manufacturing techniques that will reduce annual carbon emissions to below 658,000 metric tons so that the company can meet Environmental Protection Agency guidelines by 2022. Costs and benefits are as follows: (Click the icon to view the costs and benefits.) Read the requirements. Requirement 1. If Apex reduces emissions by 3% each quarter, beginning with the second quarter of 2021, will the company reach its goal of 658,000 metric tons by the end of 2022? (Round all intermediary calculations and the amounts you input in the cells to the nearest dollar.) Begin by calculating the quarterly emissions for each quarter through the end of 2022. Quarterly emissions (metric tons) Quarter Data Table 2021 Q1 2021 Q2 2021 Q3 Total cost to reduce carbon emissions $19 per metric ton reduced in 2022 below 680,000 metric tons Fine in 2022 if EPA guidelines are not met $1,957,000 2021 Q4 2022 Q1 2022 Q2 2022 Q3 Print Done 2022 Q4 Will the company reach its goal of 658,000 metric tons by the end of 2022? V reach its goal of 658,000 metric tons by the end of 2022. Requirement 2. What would be the net financial cost or benefit of their plan? Ignore the time value of money. (Use parentheses or a minus sign to show a net benefit.) Net cost (benefit) of plan Requirement 3. What factors other than cost might weigh into Apex's decision to carry out this plan? What do you recommend Apex to do? Apex may be able to V. Apex could choose to end Avoidance of the EPA fine this plan at the end of 2022, and be the company's sole motivation in carrying out this plan. Reducing carbon emissions however, company management
