The operating cost for a proposed waste-water treatment plant is evaluated as $500,000 per year, increasing by $100,000 each year after the first. Suppose i = 6 percent. Determine the following:
a) Equivalent annual cost of all operating costs, for a life of 25 years.
b) Current worth of all operating costs, for a life of 25 years.
c) Equivalent annual cost of all operating costs, for a perpetual life.
d) Current worth of all operating costs, for a perpetual life.