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Calculate the annualized cost of a solar system for a 10 yr period (t = 10) of analysis if the solar system has the following
Calculate the annualized cost of a solar system for a 10 yr period (t = 10) of analysis if the solar system has the following specifications:
Initial solar cost, Cs,tot= $10,000
Salvage Value = $0
Discount rate, i = 4%
Effective discount rate, i = 4% (no inflation, i = i)
Market loan rate, iloan= 6%
Repairs, Rk= $100/yr
Property tax = 0
Maintenance and insurance = $1,000/yr
Income tax bracket, Tinc = 30%
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