Problem 10-29 Break-Even Cost [LO2] Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60 -watt incandescent light bulb costs $.49 and lasts for 1,000 hours. A 15-watt LED, which provides the same light, costs $3.60 and lasts for 12,000 hours. A kilowatt hour of electricity costs \$125. A kilowatt-hour is 1,000 watts for 1 hour. However, electricity costs actually vary quite a bit depending on location and user type. An industrial user in West Virginia might pay $.04 per kilowatt-hour whereas a residential user in Hawail might pay \$.25. You require a return of 11 percent and use a light fixture 500 hours per year. What is the break-even cost per kilowatt-hour? (Do not round Intermedlate colculotlons and round your onswer to 6 declmal places, e.q., 32161616.)