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Planning is in progress for construction of a solar power plant to produce electricity for residents in a town in central Australia. The target IRR

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Planning is in progress for construction of a solar power plant to produce electricity for residents in a town in central Australia. The target IRR of this project is 15%. The cost and benefits for this project is summarized in the table below: The land price to install the solar panels Renewable energy facilities Installation cost Maintenance cost per year Electricity production every year Fixed electricity price Service life End of life value $200,000 $6,000,000 $1,000,000 $30,000 2,000,000 kWh $X per kWh 50 years $1,000,000 Based on the above information, please calculate how much the fixed electricity price per kWh should be to reach IRR equal to 15%? Please only provide the final answer in the provided box (do not use $ sign)

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