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Oil from a particular type of marine micro-algae can be converted to bio-diesel that can serve as an alternate transportable fuel for automobiles and trucks.
Oil from a particular type of marine micro-algae can be converted to bio-diesel that can serve as an alternate transportable fuel for automobiles and trucks. If lined ponds are use to grow the algae the construction cost will be $12 million and the maintenance and operating (M\&O) cost will be \$1.5 million per year. If long plastic tubes are used for growing the algae, the initial cost will be higher at $14 million, but less contamination will render the M&O cost lower at $0.35 million per year. At an interest rate of 8% per year and a 5 -year project period, calculate the present worth (PW) of the Line Ponds and Long Plastic Tubes and the alternative selected. Lined Ponds =$19.96 million; Long Plastic Tubes =$18.55 million (Select Long Plastic Tubes) Lined Ponds =$22.96 million; Long Plastic Tubes =$23.55 million (Select Lined Ponds) Lined Ponds =$19.96 million; Long Plastic Tubes =$18.55 million (Select Lined Ponds) Lined Ponds =$17.99 million; Long Plastic Tubes =$15.40 million (Select Lined Ponds) Lined Ponds =$17.99 million; Long Plastic Tubes =$15.40 million (Select Long Plastic Tubes) Lined Ponds =$22.96 million; Long Plastic Tubes =$23.55 million (Select Long Plastic Tubes
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