FBD = 0.02P = 0.02(130) = 2.6 kips = 2.6 x 103 lb
Now consider the stress:
σ = 18 ksi = 18 x 103 psi
σ = FBD / A ---> A = FBD / σ
= 2.6 / 18
= 0.14444 in2 --- (Area 1)
Next consider the deformation:
δ = 0.001(144) = 0.144 in
δ = FBDLBD / AE ---> A = FBDLBD / Eδ
= (2.6 x 103)(54) / (29 x 106)(0.144)
= 0.03362 in
2 --- (Area 2)
We know that the larger area governs so we use Area 1 to get
A = 0.14444 in2
A = (π/4)d2 ---> d = √[4A / π]
= √[4(0.14444) / π]
= 0.429 in