The pumping cost for delivering water from theOhio River
Chapter 3, Problem 3.53(choose chapter or problem)
The pumping cost for delivering water from theOhio River to Wheeling Steel for cooling hotrolled steel was $1.8 million for the first 4years. An effective energy conservation programresulted in a reduced cost of $1.77 millionin year 5, $1.74 million in year 6, and amountsdecreasing by $30,000 each year through year10. What is the present worth of the pumpingcosts in year 0 at an interest rate of 12% peryear?
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