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ERDC TN-DOER-C27
July 2002
Table C24
Alternative 2 Annual Cost (Interest Rate = 0.0638)
Present
Value
Project
Contract Cost
Factor
Present Value
Present Worth
Cost Item
Year
(2000 $)
0
1
Initial dredging- sum of 2 years plus IDC
$16,981,084
$16,981,084
$16,981,084
1
0.940071
Facility maintenance
$20,000
$18,801
$18,801
2
0.883733
Facility maintenance
$20,000
$17,675
$17,675
3
0.830771
Maintenance dredging + facility maintenance
$1,920,352
$1,595,373
$1,595,373
4
0.780983
Facility maintenance
$20,000
$15,620
$15,620
5
0.734179
Facility maintenance
$20,000
$14,684
$14,684
6
0.69018
Maintenance dredging + facility maintenance
$1,920,352
$1,325,389.13
$1,325,389
7
0.648818
Facility maintenance
$20,000
$12,976.36
$12,976
8
0.609935
Facility maintenance
$20,000
$12,198.70
$12,199
9
0.573382
Maintenance dredging + facility maintenance
$1,920,352
$1,101,094.73
$1,101,095
10
0.539019
Facility maintenance
$20,000
$10,780.38
$10,780
11
0.506716
Facility maintenance
$20,000
$10,134.32
$10,134
12
0.476349
Maintenance dredging + facility maintenance
$1,920,352
$914,757.47
$914,757
13
0.447802
Facility maintenance
$20,000
$8,956.03
$8,956
14
0.420965
Facility maintenance
$20,000
$8,419.30
$8,419
15
0.395737
Maintenance dredging + facility maintenance
$1,920,352
$759,953.90
$759,954
16
0.37202
Facility maintenance
$20,000
$7,440.41
$7,440
17
0.349725
Facility maintenance
$20,000
$6,994.51
$6,995
18
0.328767
Maintenance dredging + facility maintenance
$1,920,352
$631,347.59
$631,348
19
0.309064
Facility maintenance
$20,000
$6,181.28
$6,181
20
0.290542
Facility maintenance
$20,000
$5,810.83
$5,811
21
0.27313
Maintenance dredging + facility maintenance
$1,920,352
$524,505.21
$524,505
22
0.256761
Facility maintenance
$20,000
$5,135.22
$5,135
23
0.241374
Facility maintenance
$20,000
$4,827.47
$4,827
24
0.226908
Maintenance dredging + facility maintenance
$1,920,352
$435,743.67
$435,744
25
0.21331
Facility maintenance
$20,000
$4,266.19
$4,266
26
0.200526
Facility maintenance
$20,000
$4,010.52
$4,011
27
0.188509
Maintenance dredging + facility maintenance
$1,920,352
$362,003.17
$362,003
28
0.177212
Facility maintenance
$20,000
$3,544.23
$3,544
29
0.166591
Facility maintenance
$20,000
$3,331.83
$3,332
30
0.156608
Maintenance dredging + facility maintenance
$1,920,352
$300,741.70
$300,742
$19,603,520
$8,132,695.05
Total
$25,113,780
$1,898,290.09
Capital Recovery Factor
0.07558759
Average Annual Cost
$1,898,290.09
1,898,300
37
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