10 HOMEWORK Saved Dog Up! Franks is looking at a new sausage system with an installed cost of $455,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped for $57,000. The sausage system will save the firm $161,000 per year in pretax operating costs, and the system requires an initial investment in net working capital of $26,000. If the tax rate is 25 percent and the discount rate is 13 percent, what is the NPV of this project? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.55 and lasts for 1,000 hours. A 15-watt LED, which provides the same light, costs $3.90 and lasts for 12,000 hours. A kilowatt hour of electricity costs $.131. A kilowatt-hour is 1,000 watts for 1 hour. However, electricity costs actually vary quite a bit depending on location and user type. An industrial user in West Virginia might pay $.04 per kilowatt-hour whereas a residential user in Hawail might pay $.25. You require a return of 11 percent and use a light fixture 500 hours per year. What is the break-even cost per kilowatt-hour? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) Break-even cost