Problem
The capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250,000 gallons per year is $3 million. The costcapacity factor for this particular plant technology is 0.59 for capacities ranging from 200,000 gallons per year to 500,000 gallons per year. What is the estimated capital investment for a similar ethanol plant with a capacity of 500,000 gallons per year?
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.