Blossom Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. I

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answerhappygod
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Blossom Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. I

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Blossom Corporation has decided to invest in renewable
energy sources to meet part of its energy needs for production. It
is considering solar power versus wind power. After considering
cost savings as well as incremental revenues from selling excess
electricity into the power grid, it has determined the
following.
Solar
Wind
Present value of annual cash flows
$54,210
$131,445
Initial investment
$39,000
$103,500
Determine the net present value and profitability index of each
project. (If the net
present value is negative, use either a negative sign preceding the
number eg -45 or parentheses eg (45). Round present value answers
to 0 decimal places, e.g. 125 and profitability index answers to 2
decimal places, e.g. 15.25.)
Solar
Wind
Net present value
$enter a dollar amount rounded to 0 decimal places
$enter a dollar amount rounded to 0 decimal places
Profitability index
enter the profitability index rounded to 2 decimal places
enter the profitability index rounded to 2 decimal places
Which energy source should it choose?
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