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A 75-hp (shaft output) motor that has an efficiency of 80% is worn out and is...

A 75-hp (shaft output) motor that has an efficiency of 80% is worn out and is to be replaced by a new motor that has an efficiency of 95.4%. The motor operates 4,368 hours per year at a load factor of 0.75. If the cost of electricity is $0.12/kWh, determine the amount of energy and money saved in one year as a result of installing the new motor.

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