> A coal-fired power plant has upgraded an emission control valve. The modification costs only $8000 and is expected to last 6 years with a $200 salvage value. The maintenance cost is expected to be high at $1700 the first year, increasing by 11% per year thereafter. Determine the equivalent present worth of the modification and maintenance cost by hand and by spreadsheet at 8% per year. Mark the correct answer within the multiple-choice alternatives below. a. -17,999 b. -14,862 c. +12,584 d. +18,193

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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> A coal-fired power plant has upgraded an emission control valve. The modification
costs only $8000 and is expected to last 6 years with a $200 salvage value. The
maintenance cost is expected to be high at $1700 the first year, increasing by 11% per
year thereafter. Determine the equivalent present worth of the modification and
maintenance cost by hand and by spreadsheet at 8% per year. Mark the correct answer
within the multiple-choice alternatives below.
a. -17,999
b. -14,862
c. +12,584
d. +18,193
Transcribed Image Text:> A coal-fired power plant has upgraded an emission control valve. The modification costs only $8000 and is expected to last 6 years with a $200 salvage value. The maintenance cost is expected to be high at $1700 the first year, increasing by 11% per year thereafter. Determine the equivalent present worth of the modification and maintenance cost by hand and by spreadsheet at 8% per year. Mark the correct answer within the multiple-choice alternatives below. a. -17,999 b. -14,862 c. +12,584 d. +18,193
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