Question 1 1. Calculate the effective interest rate for monthly compounding when the annual interest rate is 10%. 2. Define 'LCOE (levelized cost of electricity)'. 3. Determine the LCOE for the plant of which information is given in the table below. Reference date: 1 Jan 2020 Discount rate: 0.5% Year (t) Construction cost ($) in the year t O&M cost ($) Fuel cost ($) Electricity (kWh) generated in the year t in the year t in the year t 1 Jan. 2018 1000 1 Jan. 2019 1000 1 Jan. 2020 1 Jan. 2021 10 5 10000 10 5 10000