Q3. In the chemical process industry, there are various routes for manufacturing chemicals. A search of the literature reveals many different processes to produce chemical (Dimethyl Terephthalte). Assume 8000 operational hours per year. Land cost is not included in the total capital investment. Prepare a detailed production report and answer the following questions. (Assume suitable data wherever necessary. Give proper references if data collection is from external sources. (* Each student will be given a separate chemical product) a) Select the various available processes used in the industry and discuss the major differences between each process. Prepare a qualitative flow sheet for one selected process. b) Calculate the total cost of all major equipment used in the above process for a 50,000 tons per year production capacity. c) Estimate fixed capital investment and the total capital investment cost if the working capital is 14% of total capital investment. d) Calculate the production cost per unit and total gross profit for the given production capacity. Compare the production cost per unit with the market cost. e) What factors are responsible for unit product costs that differ from other global markets? Justify your answer with detailed description of factors.