Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Over the past several years, decommissioned U.S. warships have been turned into artificial reefs in the ocean by towing them out to sea and sinking
Over the past several years, decommissioned U.S. 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 toxins 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). (Click the icon to view additional information.) Read the requirements Requirement 1. Is it more financially advantageous to sink the ship (assume that it costs approximately $1.5 million to tow a ship out to sea and sink it) or to dismantle and recycle it? Show your calculations. (Enter dollar amounts in millions.) U.S. Government Financial Decision Cost to dismantle and recycle Bid price Less: scrap value Cost to sink Net difference in favor (against) of sinking Requirement 2. 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. From a sustainability standpoint, the decommissioned aircraft carrier should be The following qualitative factors should be considered into this analysis. 1) 2) 3) Over the past several years, decommissioned U.S. 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 toxins 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). (Click the icon to view additional information.) Read the requirements Requirement 1. Is it more financially advantageous to sink the ship (assume that it costs approximately $1.5 million to tow a ship out to sea and sink it) or to dismantle and recycle it? Show your calculations. (Enter dollar amounts in millions.) U.S. Government Financial Decision Cost to dismantle and recycle Bid price Less: scrap value Cost to sink Net difference in favor (against) of sinking Requirement 2. 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. From a sustainability standpoint, the decommissioned aircraft carrier should be The following qualitative factors should be considered into this analysis. 1) 2) 3)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started