A community wants to construct a hazardous waste incinerator for household hazardous waste. The cost of the facility is expected to be $4,000,000. 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 $3,000 per year. What is the annual cost of this facility to the community? Assume that the facility will have a useful life of around 15 years.
Your response should be at least 200 words in length. All sources used, must be referenced; paraphrased and quoted material must have accompanying citations.