Solve the Problem $26 \mathrm { ft }$ High And $10 \mathrm { ft }$

question 94

Multiple Choice

Solve the problem.
-A vertical right circular cylindrical tank measures $26 \mathrm { ft }$ high and $10 \mathrm { ft }$ in diameter. It is full of oil weighing $60 \mathrm { lb } / \mathrm { ft } ^ { 3 }$ . How much work does it take to pump the oil to a level $2 \mathrm { ft }$ above the top of the tank? Give your answer to the nearest $\mathrm { ft } \cdot \mathrm { lb }$ .

• A) 3,675,663.41 ft · lb
• B) 1,837,831.7 ft · lb
• C) 1,592,787.48 ft · lb
• D) 1,531,526.42 ft · lb

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Definitions:

Weighted Average Cost of Capital

Weighted Average Cost of Capital (WACC) is a calculation of a company's cost of capital in which each category of capital is proportionately weighted.

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The reduction in income taxes that results from taking an allowable deduction from taxable income, such as interest on debt.

Capital Structure

The mix of debt and equity financing a company uses to fund its operations and growth.

M&M Proposition II

Modigliani and Miller's Proposition II states that a company's cost of equity increases as it increases its leverage due to the risk premium on equity.