(ING) built its new headquarters building in Amsterdam using green principles to reduce energy consumption. The building...

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(ING) built its new headquarters building in Amsterdam using “green” principles to reduce energy consumption. The building used primarily passive cooling systems, made use of daylight, and applied various other energy efficiency techniques which increased the building’s construction costs by about $700,000. These systems reduced energy costs by approximately $2.9 million per year.

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Calculate the payback period in months for ING’s energy investment.

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...
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Related Book For  book-img-for-question

Cost Management Measuring Monitoring And Motivating Performance

ISBN: 392

2nd Edition

Authors: Leslie G. Eldenburg, Susan K. Wolcott

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