Please perform a present worth analysis to decide between purchasing solar panels for a home and not doing so. The solar panels cost $18,000 (Item #1) installed, saves $2,100/year (Item #2), and can be sold for scrap metal for $1,200 (Item #3) at the end of 10 years. For simplicity, please calculate based on annual payments and 4% interest and assume you can pay cash for panels at the time of installation. (20 pts)

Item #1 Factor from FE manual

Item #1 Dollar Value (Calculated)

Item #2 Factor from FE manual

Item #2 Dollar Value (Calculated)

item #3 Factor from FE Manual

Item #3 Dollar Value (Calculated)

Net Present Worth

Decision