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Standby power for water utility pumps and other electrical devices is provided by diesel-powered generators. As an alternative the utility can use natural gas to power the generators, but it will be

Standby power for water utility pumps and other electrical devices is provided by diesel-powered generators. As an alternative, the utility can use natural gas to power the generators, but it will be a few years before the gas is available at remote sites. The utility estimates that by switching to gas, it will save $22,000 per year, starting 3 years from now. At an interest rate of 8% per year, determine the present worth in year 0 of the projected savings that will occur in years 3 through 10.

Apr 01 2020 View more View Less

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