The US Environmental Protection Agency estimates that the social cost of carbon is between $120 and $270 per tCO₂ - the average of this range was used in this calculation. Value of land and water vary based on location. Generally, land in developing countries has a lower value than in developed countries. Value of land ranges between $558 and $5792 per acre while that of water ranges between $1.14×10 −4 and $0.33 per gallon. Recycling wages are estimated at between $20 and $25 per hour and each $1 is estimated to result in between $1.09 and $1.21 of additional economic activity depending on location. Profit estimates are based on the modeled revenue and cost profile of a standard hydrometallurgical recycling facility using data from Argonne National Laboratory's Everbatt model and expert interviews. Benefits accrue to different stakeholders; recycling jobs and economic benefits assume that recycling takes place in the United States. The environmental benefits accrue in locations where extraction and processing take place. The price of water used does not account for the effects of water diversion, especially in water-scarce communities, nor the associated impact on air quality.