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3. You have installed a field of wind turbines with a total initial investment of 42,000,000 T.L, which includes the cost of all equipment purchases,

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3. You have installed a field of wind turbines with a total initial investment of 42,000,000 T.L, which includes the cost of all equipment purchases, installation, and additional fixed costs. The field has an expected lifetime of 20 years and is expected to gener- ate 11,800 MWh/year of electricity under normal conditions. Annual operating and maintenance costs are estimated to be 2,200,000 TL. Salvage values are assumed to be zero. You can assume all relevant values to be after-tax amounts (no need for tax or depreciation calculations), and assume 100% equity financing (no need to calculate debt repayment or interest payments). (a) Assume that you can sell electricity at a net (tax-adjusted) price of 0.67 TL per kW/h. Find the Net Present Value of this investment. (b) Compute the Levelized Cost of Electricity (LCOE) for your investment assuming a real (inflation-adjusted) interest rate of 5%. (c) Find the Internal Rate of Return (IRR) for your investment. (d) Perform a sensitivity analysis of Net Present Value with respect to the price of electricity. Find the breakeven price (minimum sale price) that renders th project feasible

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