An aluminium refinery in Gladstone is planning to implement an environmental management project. The project is to purchase new equipment that will lower operating costs and reduce emissions from the refineries, which are currently spread over nearby residential districts.
It is estimated that each tonne of emissions currently causes health costs that each $1 per annum for Gbdstones 50000 residents
1. Calculate the net financial cost to the refinery of investing in the new
2. Calculate the financial cost or benefit to the community over the five equipment years.
3. What other information might you need to gather in order to undertake a more comprehensive analysis of the project?