Step 1: Model for continuous aeration/stripping.
For a completely mixed tank with first-order mass transfer to gas phase (with finite equilibrium), the liquid-phase concentration obeys
\[
\frac{dC}{dt}=-k\,(C-C^*).
\]
Integrating from $C_{\text{in}}$ to $C_{\text{out}}$:
\[
t=\frac{1}{k}\ln\!\left(\frac{C_{\text{in}}-C^*}{C_{\text{out}}-C^*}\right).
\]
Step 2: Compute the necessary hydraulic residence time $t$.
Insert numbers (all in $\mu$g/L):
\[
t=\frac{1}{0.40}\ln\!\left(\frac{33-5}{12-5}\right)
=2.5\ \ln(4)
=2.5\times 1.386294
= \boxed{3.4657\ \text{s}}.
\]
Step 3: Convert flow to m$^3$/s and obtain volume.
\[
Q=\frac{180{,}000\ \text{m}^3}{\text{d}}\times \frac{1\ \text{d}}{86{,}400\ \text{s}}
= \boxed{2.0833\ \text{m}^3/\text{s}}.
\]
Tank volume $V=Q\,t=2.0833\times 3.4657=\boxed{7.215\ \text{m}^3} \Rightarrow \boxed{7.22\ \text{m}^3}.
\]
Step 4: Sanity checks.
$C_{\text{out}}(=12)$ is above $C^*(=5)$ so removal is feasible by mass transfer; small $t$ arises due to large $k$ (fast gas–liquid transfer).
Final Answer:\fbox{7.22 m$^3$}