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4. Individual Problems 5-4 A university spent 51.5 million to install solar panels atop a parking garage. These panels will have a capacity of SIDE
4. Individual Problems 5-4 A university spent 51.5 million to install solar panels atop a parking garage. These panels will have a capacity of SIDE kilowatl: (kW) and have a life ex tan of ED ears. Eu use that the discount late is 3D%. that electrici can be urchased at SEED er kilowatt-hour lC'I'I'l'I . and that the PH Dr '1 PF' by P F' marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think oF the present yalue of operating the solar panels for 1 hour per year first. Approximately how many hours per year |will the solar panels need to operate to enable this project to break even? C) 2343.3? CI 4.233.25 C) 2.33339 CI 1,303.4? $12?.EEU.06 159,825.05 If the solar panels can operate only for 2.41.3 hours a year at maximum. the project V break even. $ 595,895.95 Continue to assume that the solar panels can operate only,r Jfor 2,413 hours a year at maximum. $255.?23.13 In order for the project to be worthwhile {i.e.. at least break even), the university would need a glant of at least 7
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