The local nuclear power plant has decided that the best place to store its high-level nuclear waste (small in volume but highly radioactive) would be in an unoccupied field next to your college campus. They propose to build storage sheds, properly shielded so that the level of radioactivity at the site boundary is equal to background radiation, and use these sheds for the next 20 yr. The power plant serves a population of 2 million and it is presently costing the power company $1.2 million/yr to dispose of the spent fuel in Washington state. The new facility will cost $800,000 to construct and $150,000/yr to operate. The power industry pays 8% interest on its borrowed money. The power company is willing to pay the college $200,000/yr rent.

a. Will the power company save money?

b. If you are the college president, decide if this is an acceptable scheme by using

i. A cost-effectiveness analysis

ii. A benefit/cost analysis

iii. A risk analysis

iv. An environmental impact analysis

v. An ethical analysis.

Answer rating: 100% (QA)

a Life time of alternative means n is 20 year Present cost to dispose wastes is 12 millionyear The new alternative will cost 800000 as initial cost Th... View the full answer