Question: 4 . ) Assume that we have an 8 , 0 0 0 - square - foot metal storage building valued at $ 1 million
Assume that we have an squarefoot metal storage building valued at $ million with contents valued at $ We decide to install a fire sprinkler system for this building. The building's property insurance premium without fire sprinklers is $ per year. If we install fire sprinklers, the property insurance premium drops to $ per year. Assume for this type of building and its storageuse occupancy that a fixed fire sprinkler system here will cost $ square foot. What is the payback period in yearsmonths as measured on property insurance savings for adding fire sprinklers?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
