Moving to another question will save this response. Question 38 Question 38 of 41 8 points Save Answer ICLO- A power pla

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Moving To Another Question Will Save This Response Question 38 Question 38 Of 41 8 Points Save Answer Iclo A Power Pla 1 (9.64 KiB) Viewed 9 times

Moving to another question will save this response. Question 38 Question 38 of 41 8 points Save Answer ICLO- A power plant produces 285 megawatt of electricity. The capital investment for the plant is $670 million. The operating life of the plant is expected to be 22 years. Additionally, the plant will operate at capacity 74% of the time (downtime is 26% of any given year). The MARR is 8% per year. If this plant will make a profit of $0.02 per kilowatt-hour of electricity sold to the power grid, what is the simple payback period of the plant? Assume 365 days per year