Submission o Submission should be in three files as follows (One submission per group with all team members names and IDs on the submission): a) Poster - as per the template uploaded in the content folder on BB (single ppt file) b) Supplementary data analysis files (single excel file) c) Supporting information about the data collection, assumptions etc. (single pdf file not exceeding 2 pages) Teams: Work must be done in groups of two to three students. Missing to adhere to the group work instructions will incur a penalty. Grading: The case study is worth 5% of the total course grade ECONOMIC ANALYSIS OF A SMART HOME Smart homes are increasingly becoming popular and inevitable in our daily lives. While the comfort and the benefits of the smart homes are evident, the economic aspect of these choices are equally important. The objective of this case study is to analyze these benefits and associated costs in the economic perspective. With your team, choose an existing residential property such as a villa or an apartment. Then, Perform the following steps: Estimate the average cost of the different traditional systems (water heaters and AC systems in term of initial cost and electricity consumption). Explore at one innovative facility design alternatives incorporating a combination of some of the state of the art technologies (e.g., Google Nest thermostat, smart faucets, occupancy based lighting, motion sensors, energy star appliances, surveillance systems, IoT, etc.). Collect the needed data (e.g., initial costs, operation and maintenance costs, energy savings, water savings, service life, etc.) for the chosen alternatives through online search, phone calls, personal contacts or interviews. Estimate, analyze, and compare the different alternatives based on the following: 1) Use MS Excel to calculate the present worth, annual worth and internal rate of return of each investment using interest rate of 10%. 2) Recommend the best alternative based on the above analysis 3) Perform sensitivity analysis. For e.g., repeat steps #1 and # 2 using an interest rate of 15%. Will a different interest rate change your conclusion (Discuss)? 4) Discuss means to improve return on these investments.