An oil refinery finds that it is necessary to treat the waste liquids from a new process before discharging them into a

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An Oil Refinery Finds That It Is Necessary To Treat The Waste Liquids From A New Process Before Discharging Them Into A 1 (12.42 KiB) Viewed 16 times

An oil refinery finds that it is necessary to treat the waste liquids from a new process before discharging them into a stream. The treatment will cost $20,000 the first year, but process improvements will allow the costs to decline by $2,000 each year. As an alternative, an outside company will process the wastes for the fixed price of $10,000/year throughout the 14 year period, payable at the beginning of each year. Either way, there is no need to treat the wastes after 14 years. Use the annual worth method to determine how the wastes should be processed. The company's MARR is 13%. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 13% per year. The AW of the in-house treatment is $. (Round to the nearest dollar)