Reconsider Prob. 6141. Using EES (or other) software, investigate the effect of the heat pump COP on

Question:

Reconsider Prob. 6–141. Using EES (or other) software, investigate the effect of the heat pump
COP on the yearly operation costs and the number of years required to break even. Let the COP vary from 2 to 5. Plot the against the COP and discuss the results. Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...