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is this correct if not please show final answer Light emitting diode (LED) light bulbs have become required in recent years, but do they make
is this correct if not please show final answer
Light emitting diode (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.44 and lasts for 1,000 hours. A 15-watt LED, which piovides the same tlght, costs $3.35 and tasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1 hour. Suppose you have a residence with a lot of incandescent bulbs that are used on average 500 hours a year. The average bulb will be about halfway through its life, so it will have 500 hours remaining (and you can't tell which bulbs are older or newer). If you require a return of 9 percent, at what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today? ( A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) Step by Step Solution
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