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please provide me correct calculation and answer Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation
please provide me correct calculation and answer
Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 per foot of pipe. A 1-inch thick insulated covering will eliminate 89% of the loss and will cost $0.53 per foot. A 2-inch thick insulated covering will eliminate 92% of the loss and will cost $0.75 per foot. PCCC Physical Plant Services estimates that there are 258,000 feet of steam pipe on campus. The PCCC Accounting Office requires a 8\%/year return to justify capital expenditures. The insulation has a life expectancy of 9 years. Determine which insulation (if any) should be purchased using a ranking future worth analysis. What is the future cost of the "No Insulation" option? \$ Do all calculations to 5 decimal places and round final answer to nearest whole dollar. Tolerance is 50Step by Step Solution
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