You are going to replace ten -15W CFLs with ten- 8.0W LEDs. The lights are on 3,500 hrs/yr. The average electricity cost is $.12/kWh and the LEDs are $22 each. Calculate the simple payback and Simple ROI.
You are going to replace ten -15W CFLs with ten- 8.0W LEDs. The lights are on 3,500 hrs/yr. The average electricity cost is $.12/kWh and the LEDs are $22 each. Calculate the simple payback and Simple ROI.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![You are going to replace ten -15W CFLs with ten- 8.0W LEDs.
The lights are on 3,500 hrs/yr. The average electricity cost is
$.12/kWh and the LEDs are $22 each. Calculate the simple
payback and Simple ROI.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F01627756-fc74-4f1e-86db-6cc0b7ef621f%2F1a098f91-6ff4-4efb-8044-153d66fd42b2%2Fq75b5ob_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You are going to replace ten -15W CFLs with ten- 8.0W LEDs.
The lights are on 3,500 hrs/yr. The average electricity cost is
$.12/kWh and the LEDs are $22 each. Calculate the simple
payback and Simple ROI.
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