Spacecraft

A.C. = w₀L_hS_f Labour ✦15 m Shadow wage w₀ ✦16 an hour × L_h 250,000 hours per unit × skill factor S_f 3.74 S_f for science: training ✦120,000 against ✦45,000, queue 60 hours against 48 + Σ q_iP_irλ_i Materials ✦61,740 Aluminium: 5 t × $900/t × r 1.5 × border 0.97 × λ 1.00 = ✦6,535 Electronic Components: 1.2 t × $31,000/t × r 1.5 × border 0.99 × λ 1.00 = ✦55,212 + (D + M_o)α_e Capital ✦26.1 m Depreciation and maintenance ✦18 m per unit × financing 1.45 × waste factor α_e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. α_e is 1.00 when maintenance hours and defects are on target. + Ep_e Energy ✦250,000 E 5,000,000 kWh per unit × p_e ✦0.05 per kWh = ✦41.4 m

A.V. = rP*_world Accounted value ✦117 m per unit World price $75,000,000 per unit plus freight and insurance 4% = P* $78,000,000 × r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦117 m

Revenue = A.V. × Q Accounted revenue ✦329 m p.a. Domestic: 2.81 units × ✦117 m = ✦329 m = ✦329 m

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦213 m p.a. Revenue ✦329 m − cost ✦41.4 m × 2.81 units = ✦212 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦213 m