Answer is 296,611.Please show solution. The engineer of problem 4 now wants to consider an aluminumtank as well as the steel and fiberglass tank. The steel tankcosts $226,000 and is expected to last 15 years. The aluminumtank is expected to last 25 years. The fiberglass tank costs$314,000 and is expected to last 30 years. None of the tankshas a salvage value at the end of its useful life. At a MARR of6%, determine the highest cost for the aluminum tank for whichit will be the preferred option. Express your answer in $ to thenearest $1,000.

# Steel Tank - First Cost = 226000 Useful life = 15 years #Fiberglass Tank - First Cost =314000…

The engineer of problem 4 now wants to consider an aluminum tank as well as the steel and fiberglass tank. The steel tank costs $226,000 and is expected to last 15 years. The aluminum tank is expected to last 25 years. The fiberglass tank costs $31 and is mosted to last oors Nong of the tanks

The engineer of problem 4 now wants to consider an aluminum tank as well as the steel and fiberglass tank. The steel tank costs $226,000 and is expected to last 15 years. The aluminum tank is expected to last 25 years. The fiberglass tank costs $31 and is mosted to last oors Nong of the tanks

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

Answer is 296,611.

Please show solution.

The engineer of problem 4 now wants to consider an aluminum
tank as well as the steel and fiberglass tank. The steel tank
costs $226,000 and is expected to last 15 years. The aluminum
tank is expected to last 25 years. The fiberglass tank costs
$314,000 and is expected to last 30 years. None of the tanks
has a salvage value at the end of its useful life. At a MARR of
6%, determine the highest cost for the aluminum tank for which
it will be the preferred option. Express your answer in $ to the
nearest $1,000.

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