Solar and conventional power alternatives are available to provide energy for monitoring equipment at a remote irrigation canal site. The estimates associated with each alternative have been developed. Use the B/C method to select one at an interest rate of 7% per year over a 5-year study period. One of the alternatives must be selected.

What will be an ideal response?


Use PW values for B and C
C Conv = $200,000
C Solar = 1,300,000 – 150,000(P/F,7%,5)
= 1,300,000 – 150,000(0.7130)
= $1,193,050
Solar has the larger total cost
?C = 1,193,050 – 200,000
= $993,050
?B = (80,000 – 9000)(P/A,7%,5)
= 71,000(4.1002)
= $291,114
.
?B/C = 291,114/993,050
= 0.29

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