319 71% 120:12 3. Present worth (PW) 4 pts A wind farm in Victoria consists of...
319 71% 120:12 3. Present worth (PW) 4 pts A wind farm in Victoria consists of rated wind power of [RP] MW, with a capacity factor of [CF]%. The capital cost is about $[cc]/kW rated power. The electricity produced over one year is sold at $[LCOE]/kWh. The farm needs to spend about [OM]% of the capital cost for maintenance every year and at the end of [n] years it is expected to have a salvage value of [S]% of the initial capital cost. Considering a [i]% discount rate, determine the Present Worth. Approximate to the nearest dollar. Consider: RP = 28.0 MW, CF = 29%, cc = $1747/ kW, LCOE = $ 0.22/kWh, OM = $4/ kWh n = 21 years, S = 10%, i = 8%