Question: Need help working this problem. 3 (20 pts] A chemical process in your plant leaves scale deposits on the inside of pipes. The scale cannot

Need help working this problem. 3 (20 pts] A chemical process

Need help working this problem.

3 (20 pts] A chemical process in your plant leaves scale deposits on the inside of pipes. The scale cannot be removed but increasing the pumping pressure maintains flowr through the narrower diameter. The pipe costs $20 per foot to install, and it has no salvage value when it is removed. The pumping costs are 515 per foot of pipe initially, and they increase annuallv lav $10 per year starting in Year 2. What is the economic life of the pipe if the interest rate is 20%? Show your computations clearly

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