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An energy conservation option has an initial cost of $50,000 and has a life span of 15 years. It will require $4,000 of maintenance per

An energy conservation option has an initial cost of $50,000 and has a life span of 15 years. It will require $4,000 of maintenance per year. The annual utility savings are to be $9,000. What is the simple payback period for the option?

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