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Company QRS is evaluating the option to invest in renewable energy sources to power its manufacturing operations. The initial investment for solar panels and wind
Company QRS is evaluating the option to invest in renewable energy sources to power its manufacturing operations. The initial investment for solar panels and wind turbines is $1,000,000, and the annual savings in energy costs are estimated to be $200,000. Analyze and compare the total costs of traditional energy sources versus renewable energy sources over a five-year period, recommending whether the company should invest in renewable energy, providing detailed reasoning.
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