The following table provides information on different cost items associated with providing 1 megawatt of power from different energy sources:

**Due to technological advancement, this cost item is expected to be $0.6 million for ONLY the first 5 years and reduce to $0.3 million thereafter. Assume that annual interest rate is 3% and expected to stay 3% for the foreseeable future. If the cost of providing1 megawatt of power is $2M per year from a coal plant, would you replace the source of energy with any of the options above? If yes, which one?

In million $ First Cost Annual maintenance& Running costs Balancing the electricity*see below System(annual cost) CO2 emissions avoided (annual benefit) Disposing of nuclear-fuel rods(annual cost) Useful Life (years) Wind Solar Hydro Nuclear 40 0.8 50 0.6 0.2 0.8 0.2 0 0.107 0.0695 0.35 0.4 0 20 0 15 0 40 0.5 30 In million $ First Cost Annual maintenance& Running costs Balancing the electricity*see below System(annual cost) CO2 emissions avoided (annual benefit) Disposing of nuclear-fuel rods(annual cost) Useful Life (years) Wind Solar Hydro Nuclear 40 0.8 50 0.6 0.2 0.8 0.2 0 0.107 0.0695 0.35 0.4 0 20 0 15 0 40 0.5 30