A 3 kW rooftop photolytic system that cost $ 3/Wp generate 4200 kWh/yr. This displaces the need to by the utility power which now cost $ 0.14/kWh. If the utility power escalates at 3 %/yr and the system last 25 years

(a) Findthesimplepaybackperiod

(b) Find the IRR of the investment with the fuel escalation.

If this is to be added to the 5%, 30 year home mortgage, Find the

(c) CapacityRecoveryFactor(CRF)

(d) Annualloanpayment

(e) Cost of electricity

(f) Howyouinterpretthenumbersobtainedfrompart(a)to(e)