An oil refinery is located on the north bank of a straight river
that is 2 km wide. A pipeline is to be constructed from the
refinery to storage tanks located on the south bank of the river 4
km east of the refinery. The cost of laying pipe is $400,000/km
over land to a point P on the north bank and $800,000/km
under the river to the tanks. To minimize the cost of the pipeline,
how far from the refinery should P be located? (Round your
answer to two decimal places.)
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