Problem
A new water treatment plant proposed for Any town, USA, has an initial cost of $6M. The new plant will service the 7500 residential customers for the next 30 years. It is expected to save each customer $125 per year. The plant will require a major overhaul every 5 years, costing $1M. Determine the benefit/cost ratio at the city's interest rate of 6%.
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.