Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Over the past several years. decommissioned U5. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking

image text in transcribed
Over the past several years. decommissioned U5. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking them. The thinking was that sinking the ship would conveniently dispose of it while providing an artificial reef environment for aquatic life. In reality, some of the sunken ships have released towns into the ocean and have been costly to decontaminate. Now the U.S. government is taking bids to instead dismantle and recycle ships that have recently been decommissioned (but have not been sunk yet). Assume that a recently decommissioned aircraft, the USS independence, is estimated to contain approximately 40 tons of recyclable materials able to be sold for approximately $$4.S million. The low bid for dismantling and transporting the ship materials to appropriate facilities is $36.3 million. Recycling and dismantling the ship would create about 500 jobs for about a year in the Rust Belt. This geographic area has been experiencing record-high unemployment rates in recent years. Requirements: Is it more financially advantageous to sink the ship (assume that n costs approximately $1.5 million to tow a ship out to sea and sink it) or to dismantle and recycle it? Show your calculations. From a sustainability standpoint, what should be done with the decommissioned aircraft carrier? List some of the qualitative factors that should enter into this analysis. As a taxpayer, which action would you prefer (sink or recycle)? Defend your

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_2

Step: 3

blur-text-image_3

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

Options Futures And Other Derivatives

Authors: John Hull

9th Global Edition

1292212896, 9781292212890

More Books

Students also viewed these Accounting questions

Question

How to solve maths problems with examples

Answered: 1 week ago

Question

Explain Coulomb's law with an example

Answered: 1 week ago

Question

What is operating system?

Answered: 1 week ago

Question

Develop successful mentoring programs. page 400

Answered: 1 week ago