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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.) Assume that a recently decommissioned aircraft carriet, the USS Hudak, is estimated to contain approximately 40 tons of recyclable materials able to be sold for approximately $33.4 milion. The low bid for dismantling and transporting the ship materials to appropriate facilities is $35.7 million Recycling and dismanting the ship would create about 500 jobs for about a year in the Rust Beit This geographic area has been expetiencing record-high unemployment rates in recent years Requirement 1. Is it more financially advantageous to sink the ship (assume that it costs approximately $1.8 million to tow a ship out to sea and sink it) or to dismantle and recycle it? Show your calculations. (Enter dollar amounts in milions.) Financially, it is more advantageous to the ship Requirement 2. From a sustoinabiity standpoint, what should be done with the decommissioned aircraft carrier? List some of the qualitative foctors that should enter into this analysis From a sustainability standpoint the decommissioned aircraft carrier should be The foliowing qualtative factors should be considered into this anolvsis Requirements 1. Is it more financially advantageous to sink the ship (assume that it costs approximately $1.8 million to tow a ship out to sea and sink it) or to dismantle and recycle it? Show your calculations. 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. 3. As a taxpayer, which action would you prefer (sink or recycle)? Financially, it is more advantageous to the ship. Requirement 2. From a sustainability st th the decommissioned aircraf some of the qualitative factors that sho From a sustainability standpoint, the de dismantle and recylce uld be The following qualitative factors should sink 1) 2) Aircraft carriers are turned into artificial reefs in the ocean Jobs creation in record-high unemployment rates geographic region Materials are recycled and used for different purposes This option costs less Toxins are not released into the ocean Requirement 3. As a taxpayer, which action would you prefer (sink or recycle)? A taxpayer would prefer to the aircraft carrier because this option dismantle and recycle sink does not artificially create job for only a year. does not release toxin in the ocean, avoiding costly decontamination