Question: answer correctly for a like All infos are given 1. For 2020-2021, the cost of the solar PV system is $3 per Watt. A single

answer correctly for a like

All infos are given

1. For 2020-2021, the cost of the solar PV system is $3 per Watt. A single family house plans to install a PV system of 3000 Watt, with 20% down payment and 80% for a 30-year-loan at an interest rate of 3.5%. Assume the PV system has a growth/discount rate is 5% and the average annual maintenance cost is $200. Please calculate the life cycle cost of the system in 30 years. If the system can generate 30000 kWh electricity annually and sell this to the power plant at a price of $0.15/kWh, calculate the Return on Investment (ROI) and the Internal Rate of Return (IRR) of the life cycle cost of the system

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