A university spent $2 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal 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? O 16,428.78 O 4,107.20 O 9,241.19 O 10,267.99 If the solar panels can operate only for 9,241 hours a year at maximum, the project break even.

A university spent $2 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the marginal 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? O 16,428.78 O 4,107.20 O 9,241.19 O 10,267.99 If the solar panels can operate only for 9,241 hours a year at maximum, the project break even.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please help. There are three answers to this question.

A university spent $2 million to install solar panels atop a parking garage. These panels will have a capacity of 400 kilowatts (kW) and have a life
expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kWh), and that the
marginal 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?
16,428.78
4,107.20
9,241.19
O 10,267.99
If the solar panels can operate only for 9,241 hours a year at maximum, the project
Continue to assume that the solar panels can operate only for 9,241 hours a year at
would not
break even.
would
In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least

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