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A seasonal amusement park [open 250 days per year with indoor lighting requirements from 6:00AM10:00PM and closed in the winter months] is considering re-lamping their

A seasonal amusement park [open 250 days per year with indoor lighting requirements from 6:00AM10:00PM and closed in the winter months] is considering re-lamping their indoor fluorescent fixtures with LED bulbs. BASED ON YOUR TEXTBOOK INFORMATION ONLY and the given information in this problem, if they replace their F96T12/HO fluorescent lamps with similar LED-tube type lamps, based on lamp life (hours), a replacement of both lamps in a 2-lamp fixture takes a maintenance person 30 minutes plus a scissors lift (also at 30 minutes) to accomplish (maintenance person at $50.00 per hour and scissors lift at $12.50 per hour). The LED replacement bulb costs are $22.50 each whereas the fluorescent bulb costs are $4.00 each (both when purchased in quantity). What is the cost savings for the LED bulbs based only on lamp life considerations and maintenance costs and NOT energy savings? [Note: In this problem, assume that we start out comparing a new fluorescent bulb replacement (two bulbs) with a new LED bulb replacement so the lamp-life clock starts at zero but with the obviously higher costs for the LEDs to purchase versus the fluorescents.] Scissors Lift Example for Lamp Replacement Rate $12.50 Per Hour

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