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$284,770.94 $94,923.65 $189,847.29Attempts I I Average I 3 4. Individual Problems 5-4 A university spent $1.9 million to install solar panels atop a parking garage.
$284,770.94 $94,923.65 $189,847.29Attempts I I Average I 3 4. Individual Problems 5-4 A university spent $1.9 million to install solar panels atop a parking garage. These panels will have a capacity of 800 kilowatts (kw) and have a life expectancy of 20 years. Suppose that the discount rate is 30%, that electricity can be purchased at $0.30 per kilowatthour (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 rst. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 0 1,671.29 0 2,337.56 0 3,342.58 If the solar panels can operate only for 2,149 hours a year at maximum, the project V break even. Continue to assume that the solar panels can operate only for 2,149 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 V
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