A university spent $1.4 million to install solar panels atop a parking garage. These panels will have a capacity of 600 kilowatts (kW) and have a…

It may be easier to think of the present value of operating the solar panels for 1 hour per year first.
Approximately how many hours
per year
will the solar panels need to operate to enable this project to break even?
6,229.25
1,916.69
4,791.73
If the solar panels can operate only for 4,313 hours a year at maximum, the project (would, or would not)break even.
Continue to assume that the solar panels can operate only for 4,313 hours a year at maximum.
In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least
1.
139,870.79
209,806.19
125,883.71
55,948.32







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