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In: Electrical Engineering

Total upfront cost Estimated lifetime Project 1: Library Lighting $1,642,724, 20 years Project 2: Parking lot...

Total upfront cost Estimated lifetime
Project 1: Library Lighting $1,642,724, 20 years
Project 2: Parking lot PV $8,198,711, 25 years
price for energy of $0.14/kWh
Assume a company seeks financing for each of these projects. If the interest rate from the bank is 5% for
the duration of the expected lifetime, calculate the total annual levelized cost for building and operating each of these projects.

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