The associate percentage of the cost
contribution of each item to the FCI was consistent with the existing
literature (Peters et al., 2003). The working capital, which was
assumed to be 6.5% of the FCI, was used to cover the expenses of
the initialization of the plant in the start-up phase, such as the purchase
of raw material, testing of equipment and training for labor.
The total capital investment was US$ 2,326,170 and US$ 2,053,941
for Scenario I and Scenario II, respectively.