“…where TotalProfit is total profit of the project, PP is payback period, and NPV represents net present value; MC, CC, FC, LCC, OC, BPC, and SV represent maintenance cost, capital cost, feedstock cost, life cycle cost, operating cost, byproduct credit, and salvage value indicating the remaining value of the components and the assets of the plant at the end of the project's lifetime, respectively; TBS is annual total biodiesel sale, TAX is annual total taxation, n = 22 years is project's lifetime, and r represents rate of interest which takes values from 4.44% to 13.53% [66], i.e., r ∈ [4.44%, 13.53%]; MC i , FC i , OC i , BPC i , TAX i and TBS i are maintenance cost, feedstock cost, operating cost, byproduct credit, total taxation, and total biodiesel sale for the ith year, respectively.…”