Question: A maintenance supervisor learned that installing a type of high-efficiency light bulb in the building can save the organization $1,000 a year. Replacing the light

A maintenance supervisor learned that installing a type of high-efficiency light bulb in the building can save the organization $1,000 a year. Replacing the light bulbs with the new ones would cost about $2,500.

a. What is the payback period for this replacement?

b. What is the average rate of return?

c. Do you think is a worthwhile investment? Why or why not?

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