The state government has passed a regulation requiring that individual sources install filters to capture emissions of inhalable particles. The regulation will require the that installation of the filters start within the upcoming year. The rule is expected to provide improved respiratory health outcomes for the state's citizens. The benefits and costs (shown in the table below) of the rule will be reckoned at the end of each of the next 12 years. The government has analyzed the costs and benefits of the regulation at an annua discount rate of 3%. Determine the annual and total net benefits of the project for each year of the 12 year period, and the net present value of the completed project, as determined in the EPA's current cost-benefit evaluation of the project.. 1 2 3 4 5 6 7 8 9 10 11 12 Benefits 51,278 45,367 52,876 62,448 53,749 39,723 41,804 46,735 44,286 37,873 51,244 47,836 Costs 43,956 32,556 29,864 39,874 36,843 29287 48,536 52,467 36,118 35,122 39,204 41,344

The state government has passed a regulation requiring that individual sources install filters to capture emissions of inhalable particles. The regulation will require the that installation of the filters start within the upcoming year. The rule is expected to provide improved respiratory health outcomes for the state's citizens. The benefits and costs (shown in the table below) of the rule will be reckoned at the end of each of the next 12 years. The government has analyzed the costs and benefits of the regulation at an annua discount rate of 3%. Determine the annual and total net benefits of the project for each year of the 12 year period, and the net present value of the completed project, as determined in the EPA's current cost-benefit evaluation of the project.. 1 2 3 4 5 6 7 8 9 10 11 12 Benefits 51,278 45,367 52,876 62,448 53,749 39,723 41,804 46,735 44,286 37,873 51,244 47,836 Costs 43,956 32,556 29,864 39,874 36,843 29287 48,536 52,467 36,118 35,122 39,204 41,344

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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