Calculate the levelized cost factor

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Question - Suppose a private or federal program to extinguish long term fires in abandoned underground coal mines would reduce coal burning gas released into the atmosphere. This would mean less pollution from oxides of sulfur and carbon. The benefits would be $50 million annually for 50 years, and the cost would be $750 million spent now. Assume a 3% interest. Calculate the levelized cost factor, the annual cost factor, and the net benefit. Is this project feasible at this rate?

Reference no: EM133282438

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