Question: Electricity generating plant is typically built within 5 years with uniformly distributed expenditures per each year. A new construction schedule is considered in which the

Electricity generating plant is typically built within 5 years with uniformly distributed expenditures per each year. A new construction schedule is considered in which the plant will be built within 4 years with uniformly distributed expenditures. The sum of expenditures in both cases will be the same.
Calculate the change of capital cost in percent using the original schedule as a reference.
Use the following pattern for the answer: answer =(Co-Cn)/Co *100(\%),
where:
Co - original schedule cost (5-year build)
Cn - new schedule cost (4-tear build).
The interest rate in both cases is the same and equal to \(9\%\).
Use the end of construction as the reference time point
Answer =
Electricity generating plant is typically built

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