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Suppose PFT is considering implementing a new energy efficiency measure (EEM). The EEM involves sensors that cost $4761 in total to install, and are expected

Suppose PFT is considering implementing a new energy efficiency measure (EEM). The EEM involves sensors that cost $4761 in total to install, and are expected to last 15 years. Savings are identical at $871 per year in utilities. The new system requires $260 per year for maintenance and repairs. These costs are assumed for first year of operation. 


Estimate the Simple Payback Period.

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