How many years are needed to pay back initial investment


Discuss the following:

Q: A 0.20-m-diameter, thin-walled steel pipe is used to transport saturated steam at a pressure of 20 bars in a room for which the air temperature is 25°C and the convection heat transfer coefficient at the outer surface of the pipe is 20 W/m2 · K.

(a) What is the heat loss per unit length from the bare pipe (no insulation)? Estimate the heat loss per unit length if a 50-mm-thick layer of insulation (magnesia, 85%) is added. The steel and magnesia may each be assumed to have an emissivity of 0.8, and the steam-side convection resistance may be neglected.

(b) The costs associated with generating the steam and installing the insulation are known to be $4/109J and $100/m of pipe length, respectively. If the steam line is to operate 7500 h/yr, how many years are needed to pay back the initial investment in insulation?

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Mechanical Engineering: How many years are needed to pay back initial investment
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