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"APPENDIX D" <br />CITY OF MOUNDS VIEW <br />CONVERSION COSTS <br />Direct Conversion Costs: $6,300 parts <br />1,200 labor (2 contracted <br />conversions) <br />$7,500 <br />Assumptions: 17,000 miles/year/vehicle <br />10% lower mpg <br />$0.75/gallon propane <br />$1.27/gallon gasoline <br />- bulk propane and gasoline prices <br />- all federal and state taxes <br />- no storage, metering, or other dispensing costs <br />- prices remain constant <br />$1.27/gallon gasoline <br />11 mpg <br />$0.75/gallon propane <br />10 mpg <br />17,000 x 7 = 119,000 miles/year 17,000 x 7 = 119,000 miles/year <br />1,545 x 7 = 10,815 gallons/year 1,700 x 7 = 11,900 gallons/year <br />$13,735 annual fuel cost $8,925 annual fuel cost <br />Annual Savings: $4,810 first year fuel savings <br />�•Y <br />Discounted Payback (discounted 5% annually) <br />first year - $4,810.00 <br />second year - 4,569.50 <br />$9,379.50 <br />$9,379.50 - $7,500 = $1,879.50 saving for 7 vehicles after 2 years. <br />IR <br />