A project impacts 1.2 acres of wetlands. Mitigation banking costs $52,000 per acre, permit application fees are $2,800, and monitoring fees are $8,500. What is the total environmental permit cost?
Correct Answer
B) $73,700
Total cost is (1.2 acres × $52,000) + $2,800 + $8,500 = $62,400 + $2,800 + $8,500 = $73,700 for all environmental permit requirements.
Why This Is the Correct Answer
Option C is correct because it properly calculates all three components of environmental permit costs. The calculation includes mitigation banking costs (1.2 acres × $52,000 = $62,400), plus the permit application fees ($2,800), plus monitoring fees ($8,500). When all three costs are added together, the total environmental permit cost equals $73,700.
Why the Other Options Are Wrong
Option A: $62,400
Option D overestimates the total cost, possibly by miscalculating the mitigation banking cost or incorrectly adding additional fees not specified in the problem.
Option C: $82,200
Option A only includes the mitigation banking cost ($62,400) and fails to add the permit application fees and monitoring fees, resulting in an incomplete total.
Memory Technique
Remember 'MAP' - Mitigation (per acre), Application (flat fee), Plus monitoring (flat fee) - all three must be included in total environmental costs.
Reference Hint
Florida Building Code Chapter 1, Environmental Regulations section, or DEP permit fee schedules in the reference materials
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