Coal-fired power plants emit CO2, which is one of the gases that is of concern with regard to global warming. A technique that power plants can adopt to keep most of the CO2 from entering the air is called CO2 capture and storage (CCS). If the incremental cost of the sequestration process is $0.019 per kilowatt-hour, what is the present worth of the extra cost over a 3-year period to a manufacturing plant that uses 100,000 kWh of power per month? The interest rate is 12% per year compounded quarterly.

Chemistry & Chemical Reactivity
9th Edition
ISBN:9781133949640
Author:John C. Kotz, Paul M. Treichel, John Townsend, David Treichel
Publisher:John C. Kotz, Paul M. Treichel, John Townsend, David Treichel
Chapter20: Environmental Chemistry-earth's Environment, Energy, And Sustainability
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Coal-fired power plants emit CO2, which is one of the gases that is of concern with regard to global warming. A technique that power plants can adopt to keep most of the CO2 from entering the air is called CO2 capture and storage (CCS). If the incremental cost of the sequestration process is $0.019 per kilowatt-hour, what is the present worth of the extra cost over a 3-year period to a manufacturing plant that uses 100,000 kWh of power per month? The interest rate is 12% per year compounded quarterly.

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