What is the annual cost of this facility to the community

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Reference no: EM131194898

A community wants to construct a hazardous waste incinerator for household hazardous wastes. The capital cost of the facility is expected to be $5,000,000. The cost of operating this facility is estimated to be about $20,000 per year plus salaries of $100,000 annually. The insurance on the facility will be $5000 per year. What is the annual cost of this facility to the community? Assume an interest rate of 6.125% and a useful life of 15 years.

Reference no: EM131194898

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