A utility plans to construct a 50 MW plant to meet its peak demand. The plant is to be financed through a loan which costs $250,000 per year for 20 years. The plant is expected to produce 50,000 MWh per year, save $ 900,000 per year, and is expected to last 20 years. The fuel for the plant costs $8 per MWh and expected to escalate 2% per year. The O&M cost is negligible. The discount rate for the utility is 6%. i) Determine the net present value of this project ii) Determine the levelized cost of electricity for this plant