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Question 1 1 pts A company is considering installing solar panels on the roofs of its buildings. The project will cost $701 thousand if the

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Question 1 1 pts A company is considering installing solar panels on the roofs of its buildings. The project will cost $701 thousand if the solar panels are installed now. It will save $75 thousand of energy cost each year. The life span of the solar panels is 20 years. If the company waits a year to install the solar panels, the cost of installation will decrease by $11 thousand, and everything else will remain the same (e.g., life span, energy bills saving). The opportunity cost of capital is 7.6% per year. The net present value of the solution that the firm should adopt is $___thousand. [Hints/Example)

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