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You are considering installing an energy-efficient furnace with a service life of 25 years. The annual electricity consumption rate of the furnace is $100,000 per

You are considering installing an energy-efficient furnace with a service life of 25 years. The annual electricity consumption rate of the furnace is $100,000 per year. What is the approximate PV of the life cycle cost of energy use by the furnace if the energy inflation rate is 10% per year and the discount rate is 5.5%. Use the energy inflation formula for LCC. Question 6 options: $3,959,250 $3,682,450 $3,253,250 $3,795,000

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