Question: please answer this question and not the previous one. thank you Light emitting dlode (LEDS) light bulbs have become required in recent years, but do
Light emitting dlode (LEDS) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.47 and lasts for 1,000 hours. A 15-watt LED, which provides the same light, costs $3.50 and lasts for 12,000 hours. A kilowatt hour of electricity costs $123. A killowatt-hour is 1,000 watts for 1 hour. However, electricity costs actually vary quite a bit depending on location and user type. An Industrial user in West Virginia might pay $.04 per klowatt-hour whereas a residential user in Hawailil might pay $.25. You require a return of 9 percent and use a light flxture 500 hours per year. What is the break-even cost per kilowatt-hour? (Do not round intermediate calculations and round your answer to 6 decimal places, e.g., 32.161616.) Break-even cost
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