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 R*. 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. [8 Marks] b) Calculate the total cost of all major equipment used in the above process for a 50,000 tons per year production capacity. [8 Marks] c) Estimate fixed capital investment and the total capital investment cost if the working capital is 14% of total capital investment. [8 Marks] 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. [8 Marks] e) What factors are responsible for unit product costs that differ from other global markets? Justify your answer with detailed description of factors. [8 Marks]