5. In a cold storage plant, it is desired to determine whether touse insulation of two inches or three inches thick ininsulating the walls of the cold storage warehouse. Heatabsorbed through the walls without insulation would costPhp 96 per year per square meter. Two-inch insulation willcost Php 30.40 per square meter and will cut out 89% of theloss. Three-inch insulation will cut out 92% of the loss andwill cost Php 65 per square meter. Using a life of 15 yearsfor the insulation with no salvage value and a minimumattractive rate of return of 8%, what thickness of insulationshould be used?

Answer Without Insulation= P 96 / sqmWith 2-in Insulation = P30.4/sqm with 89% efficiency which…

Answered: 1ould be us

Business

Economics

1ould be us

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5. In a cold storage plant, it is desired to determine whether to
use insulation of two inches or three inches thick in
insulating the walls of the cold storage warehouse. Heat
absorbed through the walls without insulation would cost
Php 96 per year per square meter. Two-inch insulation will
cost Php 30.40 per square meter and will cut out 89% of the
loss. Three-inch insulation will cut out 92% of the loss and
will cost Php 65 per square meter. Using a life of 15 years
for the insulation with no salvage value and a minimum
attractive rate of return of 8%, what thickness of insulation
should be used?

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