Question
In: Finance
Compact fluorescent lamps (CFLs) have become more popular in recent years, but do they make financial...
Compact fluorescent lamps (CFLs) have become more popular in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent lightbulb costs $0.50 and lasts for 1,000 hours. A 15-watt CFL, which provides the same light, costs $3.65 and lasts for 12,000 hours. A kilowatt hour of electricity costs $0.126, which is about the national average. A kilowatt-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 $0.04 per kilowatt-hour whereas a residential user in Hawaii might pay $0.25.
You require a return of 9 percent and use a light fixture 500 hours per year. What is the break-even cost per kilowatt-hour? (Do not round intermediate calculations and round your final answer to 6 decimal places. (e.g., 32.161616))
Break-even cost $ ?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Compact fluorescent lamps (CFLs) have become more popular in recent years, but do they make financial...
Compact fluorescent lamps (CFLs) have become more popular in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $0.65 and lasts 1,040 hours.
A 15-watt CFL, which provides the same light, costs $3.50 and lasts
for 13,000 hours. Assume a kilowatt-hour of electricity costs
$0.103. A kilowatt-hour is 1,000 watts for 1 hour. Required: If you
require a 10 percent return and use a light fixture 520 hours per
year, what is the...
Compact fluorescent lamps (CFLs) have become more popular in recent years, but do they make financial...
Compact fluorescent lamps (CFLs) have become more popular in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $0.37 and lasts 1,000 hours.
A 15-watt CFL, which provides the same light, costs $3.00 and lasts
for 12,000 hours. A kilowatt-hour of electricity costs $0.113,
which is about the national average. A kilowatt-hour is 1,000 watts
for 1 hour. If you require a 10 percent return and use a light
fixture 500 hours per...
Compact fluorescent lamps (CFLs) have become required in recent years, but do they make financial sense?...
Compact fluorescent lamps (CFLs) have become required in recent
years, but do they make financial sense? Suppose a typical 60-watt
incandescent lightbulb costs $.36 and lasts for 1,000 hours. A
15-watt CFL, which provides the same light, costs $2.95 and lasts
for 12,000 hours. A kilowatt-hour is 1,000 watts for 1 hour.
Suppose you have a residence with a lot of incandescent bulbs that
are used on average 500 hours a year. The average bulb will be
about halfway through...
ompact fluorescent lamps (CFLs) have become required in recent years, but do they make financial sense?...
ompact fluorescent lamps (CFLs) have become required in recent
years, but do they make financial sense? Suppose a typical 60-watt
incandescent light bulb costs $.35 and lasts 1,000 hours. A 15-watt
CFL, which provides the same light, costs $2.90 and lasts for
12,000 hours. A kilowatt-hour of electricity costs $.111, which is
about the national average. A kilowatt-hour is 1,000 watts for 1
hour. If you require a return of 9 percent and use a light fixture
500 hours per...
Light-emitting diode (LED) light bulbs have become required in recent years, but do they make financial...
Light-emitting diode (LED) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incadescent light bulb costs $.45 and lasts for 1,000
hours. A 7-watt LED, which provides the same light, costs $2.25 and
lasts for 40,000 hours. A kilowatt-hour of electricity costs $.121,
which is about the national average. A kilowatt-hour is 1,000 watts
for 1 hour. Suppose you have a residence with a lot of incandescent
bulbs that are used...
Light emitting diode (LED) light bulbs have become required in recent years, but do they make...
Light emitting diode (LED) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.46 and lasts for 1,000
hours. A 15-watt LED, which provides the same light, costs $3.45
and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1
hour. Suppose you have a residence with a lot of incandescent bulbs
that are used on average 500 hours a year. The average bulb will be...
Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make...
Light emitting diode (LEDs) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.49 and lasts for 1,000
hours. A 15-watt LED, which provides the same light, costs $3.60
and lasts for 12,000 hours. A kilowatt hour of electricity costs
$.125. A kilowatt-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...
Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make...
Light emitting diode (LEDs) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.54 and lasts for 1,000
hours. A 15-watt LED, which provides the same light, costs $3.85
and lasts for 12,000 hours. A kilowatt hour of electricity costs
$.130. A kilowatt-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...
Light emitting diode (LED) light bulbs have become required in recent years, but do they make...
Light emitting diode (LED) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.53 and lasts for 1,000
hours. A 15-watt LED, which provides the same light, costs $3.80
and lasts for 12,000 hours. A kilowatt-hour is 1,000 watts for 1
hour. Suppose you have a residence with a lot of incandescent bulbs
that are used on average 500 hours a year. The average bulb will be...
Light emitting diodes (LED) light bulbs have become required in recent years, but do they make...
Light emitting diodes (LED) light bulbs have become required in
recent years, but do they make financial sense? Suppose a typical
60-watt incandescent light bulb costs $.39 and lasts 1,000 hours. A
15-watt LED, which provides the same light, costs $3.10 and lasts
for 12,000 hours. A kilowatt-hour of electricity costs $.115. A
kilowatt-hour is 1,000 watts for 1 hour. If you require a return of
11 percent and use a light fixture 500 hours per year, what is the...
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