(Point 30) a) Calculate the optimum economic pipe size in [m], b) choose the appropriate pipe dimension from the pipe standard, and c) discuss the reason you choose the pipe specification (NPS & sch) for the pipe installation given as follows: Working fluid: water Flowrate: 600 GPM at standard condition Pipe material: commercial steel C2 = $0.07 /kWh C = $1,100/m"+1 t = 6,000 hr/yr F = 6.75 n = 1.2 a = 1/10 b=0.01 n=0.75 (Point 30) a) Calculate the optimum economic pipe size in [m], b) choose the appropriate pipe dimension from the pipe standard, and c) discuss the reason you choose the pipe specification (NPS & sch) for the pipe installation given as follows: Working fluid: water Flowrate: 600 GPM at standard condition Pipe material: commercial steel C2 = $0.07 /kWh C = $1,100/m"+1 t = 6,000 hr/yr F = 6.75 n = 1.2 a = 1/10 b=0.01 n=0.75