00:01
In this question, we are given that the initial cost of a project is $300 ,000, sorry, $3 million, and the additional cost of the project is $1 million.
00:30
Also, the operating cost is given as $100 ,000 for the first four years, and 160 ,000 after 4 years.
00:52
And this is applied every year.
00:55
Also, the initial and regional cost, that is the project lies for 10 years.
01:02
We need to obtain the annual cost of the project.
01:11
For this, firstly, let us obtain the first cost.
01:16
The first cost is given by initial cost plus additional cost, that is 3 million plus 1 million over 1 plus 0 .15 ,000 plus 1 minus 1, that is 3 3 .3 .8 -3 .3...