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The cost of the Ice Power system is $8000 and the government will pay 30% of the cost of the system. The company guarantees the

The cost of the "Ice Power" system is $8000 and the government will pay 30% of the cost of the system. The company guarantees the system's operation for 15 years and the salesman says the system will pay for itself in 2 years or less ? Calculate the simple payback period against the new "time of day" pricing (in questions 4 and 5) to see if the claim is feasible.

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