A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 800 kilowatts (kW) and have a lifeexpectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that themarginal cost of electricity production using the solar panels is zero.Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first.Approximately how many hours per year will the solar panels need to operate to enable this project to break even?2,642.82O 1,321.413,435.673,171.38$89,843.45$251,561.65If the solar panels can operate only for 2,379 hours a year at maximum, the project would not ▼ break even.$215,624.27Continue to assume that the solar panels can operate only for 2,379 hours a year at maximum.$179,686.89In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least

Given that :Amount spent to install solar panels = million.Capacity of the panels = and life…

Answered: A university spent $1.8 million to…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Similar questions

You are considering a three-year project that costs $1,500, and has expected cash flows of $500 at the end of the 1st year, $750 at the end of the 2nd year, and $1000 at the end of the 3rd year. Given an 11% required rate of return, what is the project’s net present value? [Hint: PV = FV/(1+ r)t ] Group of answer choices $290 $630 $23 -$560
Chevron Phillips (CP) has put into place new laboratory equipment for the production of chemicals: the cost is $1,860,000 installed. CP borrows 39% of all capital needed, and the borrowing rate is 11.0%. In the 1st year, 23% of the principal borrowed will be paid back. The throughput rate for in-process test samples has increased the capacity of the lab, saving a net of $X per year. In this 1st year, depreciation is $340,000 and taxable income is $312.000. Click here to access the TVM Factor Table Calculator Click here to access the MACRS-GDS table. Part a 8 Your answer is incorrect. What is the gross income or annual savings $X? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±50.
TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmaried, diverced, or legally separated Married and ach parteer files eparate tar rete Married and berh partren file single tar retee Unmarried and paying mare than half the cest of sepperting ekildr pareet Married Filing Separately Married Filing Jointly Head of Household Тах Rate Single 10% up to $9275 up to $9275 up to $18,550 up to $13.250 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 25% $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 28% $91,151 to $190,150 S75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 33% $190,151 to $413,350 SI15,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 39.6% mure than $441,000 more than S415.050 more than $233.475 mure than $466,950 Standard Deduction $6300 $600 $12,600 $9300 Exemptions (per person) $4050 S4050…
Consider a cash flow of payments C₁, C₂, ..., Cn at the end of years t₁, t2, ..., tn. Suppose the nominal interest rate is r = 0.04 and that interest is compounded monthly. Tick all those statements that are correct. O a. The convexity is the same as the duration squared in this case. 300 O b. The effective duration is equal to 301 times the duration in this case. The effective duration is equal to 25 times the duration in this case. 26 Od. The duration and the effective duration are the same for this example. O e. If all the above cash payments are the same then the effective duration is equal to the duration. O c.
Sally purchases a perpetuity immediate with annual payments that pays $1000 today and Payments increase by 2% per year. She will pay for it with a single payment exactly 3 years from today. Assume a constant force of interest of 10%. Calculate the size of the payment at time 3.
Consider the two-period household-maximization model discussed in class. The model is modified in order to look at applications including credit constraints, interest-rate markups, and taxation. A representative household lives for two periods and maximizes utility of consumption in period 1 and in period 2. The utility is represented by log(c) where c denotes consumption. Assuming no discounting between period 1 and period 2. The maximization problem for the representative household can be written as Show consumption c1 and c2 (you can use algebraic or graphical methods). In the answer, you should discuss whether a1 ≥ 0 or a1 < 0 and provide an economic interpretation. What determine(s) the sign of a1 and why? Explain how a credit constraint can be modeled by a1 ≥ 0 and under this constraint how does your answer above change? How does it change if there is a banking markup such that the borrowing interest rate is above the interest rate of r = 0 assumed earlier? Hint: try to relate…
QUESTION 1 Given a demand curve of P = 140 - 2Qd and supply of P = 13 + 3Qs, please calculate consumer surplus, assuming this is the output market
A graphing calculator is recommended. Straight-line depreciation is a method for estimating the value of an asset (such as a piece of machinery) as it loses value ("depreciates") through use. Given the original price of an asset, its useful lifetime, and its scrap value (its value at the end of its useful lifetime), the value of the asset after t years is given by the formula for 0 ≤ t ≤ (Useful lifetime). (a) A farmer buys a harvester for $40,000 and estimates its useful life to be 20 years, after which its scrap value will be $4000. Use the formula above to find a formula for the value V of the harvester after t years, for 0 ≤ t ≤ 20. (Do not use commas in your answer.) V = Value = Price - (b) Use your formula to find the value of the harvester after 5 years. V(5) = No Solution (c) Graph the function found in part (a) on a graphing calculator on the window [0, 20] by [0, 40,000]. (Hint: Use x instead of t.) Help 40000 30000 Price (Scrap value) (Useful Lifetime) 20000 10000 10 Fill…
Part 1 Homing pigeons avoid flying over water. Suppose a homing pigeon is released on an island at point C, which is 7 mi directly out in the water from a point B on shore. Point B is 16 mi downshore from the pigeon's home loft at point A. Assume that a pigeon flying over water uses energy at a rate 1.23 times the rate over land. Toward what point S downshore from A should the pigeon fly in order to minimize the total energy required to get to the home loft at A?

Recommended textbooks for you

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781285741550

Author:

James Stewart

Publisher:

Cengage Learning

Thomas' Calculus (14th Edition)

Calculus

ISBN:

9780134438986

Author:

Joel R. Hass, Christopher E. Heil, Maurice D. Weir

Publisher:

PEARSON

Calculus: Early Transcendentals (3rd Edition)

Calculus

ISBN:

9780134763644

Author:

William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz

Publisher:

PEARSON

Calculus: Early Transcendentals

Calculus

ISBN:

9781319050740

Author:

Jon Rogawski, Colin Adams, Robert Franzosa

Publisher:

W. H. Freeman

Precalculus

Calculus

ISBN:

9780135189405

Author:

Michael Sullivan

Publisher:

PEARSON

Calculus: Early Transcendental Functions

Calculus

ISBN:

9781337552516

Author:

Ron Larson, Bruce H. Edwards

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS