A remotely located air sampling station can be powered by solar cells or by running an electric line
Question: A remotely located air sampling station can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $15,000 to install and will have a useful life of 4 years with no salvage value. Annual costs for inspection, cleaning, etc., are expected to be $1,200. A new power line will cost $10,000 to install, with power costs expected to be $800 per year. Since the air sampling project will end in 4 years, the salvage value of the line is considered to be $1,000. At an interest rate of 10% per year, which alternative should be selected on the basis of a future worth analysis?
Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
