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A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 300 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the

A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 300 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 12,667.14 28,953.46 Ο Ο Ο Ο 18,095.91 16,286.32 If the solar panels can operate only for 16,286 hours a year at maximum, the project break even. Continue to assume that the solar panels can operate only for 16,286 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least

A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 300 kilowBlank 1 options: Would or would not

Blank 2 options: $234,041.05 or $126,022.11 or  $180,031.58

Apr 12 2021 View more View Less

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