tanks to a processing Question 2: An oil company is planning to install a new pipeline to connect storage t plant 1500 meters away and considering using the 120 mm or the 180 mm pipes for this project. The data of each type is shown in the table below. Which pipe should be selected for the project if the company is 10% per year? Use the repeatability assurmption and the present worth to solve this question. MARR of the (CLO 6) 20mm'pipe l-180mm-pipe Initial cost per meter Useful life Salvage value Annual maintenance $2.5 6 years $500 $700 $3 4 years $700 $500 $2.5 Pump cost per hour $3 Pump usage 600 hours/year 600 hours/year