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Economics

A renewable energy system is being evaluated by an office building, its initial cost is $25,850. This system is estimated to provide energy savings equivalent to a cut-off of $5,250 from the annual electricity bill. Annual operation and maintenance costs are estimated to be just $830. This system has a useful life of 10 years with no salvage value.

What is the Internal Rate of Return (IRR) of this renewable energy system?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92634137

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