El Paso Water is planning to install wind turbinesto

Chapter 3, Problem 3.32

(choose chapter or problem)

El Paso Water is planning to install wind turbinesto provide enhanced evaporation of reverse osmosisconcentrate from its inland desalting plant. Thecompany will spend $1.5 million in year 1 and $2million in year 2. Annual maintenance is expectedto cost $65,000 per year through year 10. Determinethe equivalent annual cost of the project inyears 1 through 10 at an interest rate of 6% peryear. Also, develop a single-cell spreadsheet functionto display the total A value.

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