Question: Problem 0 3 . 0 5 3 - Shifted decreasing gradients The pumping cost for delivering water from the Ohio River to Wheeling Steel for

Problem 03.053- Shifted decreasing gradients
The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hol rolled steel was $1.800 million for the first 4 years. An effective energy conservation program resulted in a reduced cost of $177 million in year 5, and $1.74 million in year 6, and amounts decreasing by $30,000 each year through year 10. What is the present worth of the pumping costs in year 0.000 at an interest rate of 11.00% per year? (Round the final answer to three declmal places.)
The present worth of the pumping costs is determined to be $
Problem 0 3 . 0 5 3 - Shifted decreasing

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