Problem
A new power plant will cost Newburg $2.1M to build and $230K per year to operate for its 25-year life, when its salvage value is zero. The higher efficiency of the new plant will lower utility bills by $21 per year for each of the 20,000 residents of Newburg. The plant's air pollution will cost residents $3 each per year. If i = 5%, should the new power plant be built?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.