An investor is to build a hydroelectric power plant if the plant can pay for itself in 5 years. The total cost of the plant including the dam is $24 millions. The plant will consist of 10 identical turbines with an overall plant efficiency of 88 percent. The gross head of the dam is 90 m and the flow rate through each turbine is 565 L/s. The plant will operate an average of 8200 hours a year and the electricity generated is sold to the utility company at a rate of $0.105/kWh. If the operating and maintenance expenses of the plant are $750,000/year, determine if the investor should go ahead with this project.