Research Article
Technoeconomic and Policy Analysis for Corn Stover Biofuels
Table 3
Differences in financing assumptions.
| Engineering analysis | Economic analysis |
| Land paid with equity | Land included in capital investment and cost is divided between financing and equity | Tax benefits or losses carry over | Tax benefits or losses occur in the year they occur | Interest is paid with equity during construction | Interest is compounded annually during construction (interest is capitalized) | Loan and interest are not included in computing taxes | Loan interest is deductible for purposes of tax calculations | Inflation is assumed to be zero | Inflation is assumed to be 2.5% |
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