4) Wholesale plant nursery that is considering implementing two CSR initiatives. Information about these initiatives is summarized as follows: 800 watts per hr. 500 watts per hr. 80 Replace old greenhouse fans with new energy-efficient fans: Old greenhouse fan electricity consumption per unit New energy-efficient greenhouse fan electricity consumption per unit Number of units Cost of each new unit Cost of replacing each old unit with new unit Operating hours per day Operating days per year Metered utility rate per kilowatt-hour (kwh)* $750 $100 8 180 $0.10 Replace gasoline-powered ATVs with electric-powered ATVs: Number of ATVS Cost of new electric-powered ATV per unit Fuel, repair, other cost savings per ATV per hour of use Operating hours per day per ATV Operating days per year per ATV 1. Determine the initial investment cost of each initiative. 2. Determine the yearly cost savings of each initiative. 15 $24,000 $1.70 5 270