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Bartlesville, Oklahoma, is home to many oil tycoons, who have helped build the town over many years. One of these tycoons provided a small grant
Bartlesville, Oklahoma, is home to many oil tycoons, who have helped build the town over many years. One of these tycoons provided a small grant to the city to test some new solar cells, with the provision that the venture be profitable. The solar cells cost $2, 300 to install and they are projected to save Bartlesville approximately $360 in energy costs per year for the next nine years. The investing tycoon set the MARR at 8% per year. What is the minimum salvage (market) value after nine years that makes these solar cells worth purchasing? What is the solar cell's IRR if the salvage value is negligible (considered to be zero)? The minimum salvage (market) value is (Round to the nearest cent.) The fuel cell IRR is (Round to two decimal places.)
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