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A small social entrepreneur company is considering investing KD 10000 in solar power panels to be installed on top of 50 houses (roof tops and

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A small social entrepreneur company is considering investing KD 10000 in solar power panels to be installed on top of 50 houses (roof tops and car shades) in Kuwait as a pilot study which align with Kuwait 2030 vision of promoting for renewable energy sources. The solar panels will last 5 years, with a salvage value of KD 1000 at the end of its useful life. Maintenance costs for the panels are estimated to increase by KD 500 per year over its life. 3. a. Draw a cash flow diagram for the project b. Calculate the present worth at present assuming interest rate of 8%. If the company has an alternative of leasing the panels for KD X per year (which includes also the maintenance cost) instead of purchasing, for what value of X should the company lease? (BONUS QUEESTION) c

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