Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 41

Electrical generators produce not only electricity, but also heat from conductor resistance and from friction losses in bearings. A company that manu­factures generator coolers for nuclear and gas tur­bine power plants undertook a plant expansion through financing that had a debt-equity mix of 45-55. If $18 million came from mortgages and bond sales, what was the total amount of the financing