Question: The energy efficiency project described in problem 10-23 has a first cost of $150,000, a life of 10 years, and no salvage value. Assume that
The energy efficiency project described in problem 10-23 has a first cost of $150,000, a life of 10 years, and no salvage value. Assume that the interest rate is 8%. Compute the equivalent uniform annual worth for the pessimistic, most likely, and optimistic estimates of the annual savings. What is the expected value of the equivalent uniform annual worth?
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