GreenTech Corp is considering investing in renewable energy technology. The investment requires an initial outlay of $1,500,000 and is expected to generate annual cash flows of $400,000 for the next ten years. However, the company estimates that implementing the technology will result in annual cost savings of $100,000 due to reduced energy expenses. If the company's discount rate is 12%, conduct a cost-benefit analysis to determine whether the investment is economically feasible.

Perform a cost-benefit analysis to determine the economic feasibility of investing in renewable energy technology for GreenTech Corp.