Question: Question 2 a) A centralized chiller system for process control room was installed with the cost of $ 500 million in 2020. Assume interest rate

Question 2 a) A centralized chiller system for process control room

Question 2 a) A centralized chiller system for process control room was installed with the cost of $ 500 million in 2020. Assume interest rate of 12%. i) What is the equivalent cost required if it was built in 2015? [2 marks] ii) How much would it cost if the project is delay and be constructed in 2025? [2 marks]

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