The Solar Energy Company is producing electricity directly from a solar source by using a large array of solar cells and selling the power to the local utility company. Because these cells degrade over time, thereby resulting in lower conversion

efficiency and power output, the cells must be replaced every four years, which results in a particular cash flow pattern that repeats itself as follows: n=0, $620,000; n=1, $350,000; n=2, $280,000; n=3, $210,000; and n=4, $140,000. Determine the annual equivalent cash flows at i=11%.

Tha Solar Fr Company is produring electricity directly from a solar sounce hy using larga amay of solar eals and saling the pawar to tha local uniity rompany RFrausa thasa cells degrad ovar tima, thAraby rasulting in kewar convFrsinn nd pow ells nust be replac ticular cash pallern Uhal peals ilsel $620.00 $350,000. 2, 280.000. S210,000 n 4, $140,000. Deler Click the the interest for di pounding wh per Morc Into The equivalent annu ash flow is S thousand. (Round to the nearest whole numbe aualPayment Series Rredient Seri Single Payment Compound Present Compound Sinking Present Capital Gradie Gradient Amount Amount Worth Unifo Fact Fact Worth HP i, N ir, i, N FA, i, NU AVE, i, NU TA, i, NW (PG, i, N 0000 9009 00000 0.9009 0000 1.2321 0.8116 2.1100 0.4739 7126 5839 0.4739 0.8116 09306 2.2740 1.3676 0.7312 3.3421 0.2992 2.4437 092 0.65B7 4.7097 0.2123 3.1024 0.3223 3700 2502 1.1g23 66240 E85 05935 2278 0.2706 7.9129 0.1264 4.2306 0.2364 92972 8704 0.5346 97 33 0.1022 47122 20762 4817 2122 2.1872 11 ar 94 0843 5.1461 1943 2.30 15.2246 0.43 5370 33144 8.3520 0.3009 0.18UE 2.8394 0.3522 67220 0598 8892 698 36544 21.52 al equ cash