You are going to replace ten -15W CFLs with ten- 8.0W LEDs. The lights are on 3,500 hrs/yr. The average electricity cost is $.12/kWh and the LEDs are $22 each. Calculate the simple payback and Simple ROI.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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You are going to replace ten -15W CFLs with ten- 8.0W LEDs.
The lights are on 3,500 hrs/yr. The average electricity cost is
$.12/kWh and the LEDs are $22 each. Calculate the simple
payback and Simple ROI.
Transcribed Image Text:You are going to replace ten -15W CFLs with ten- 8.0W LEDs. The lights are on 3,500 hrs/yr. The average electricity cost is $.12/kWh and the LEDs are $22 each. Calculate the simple payback and Simple ROI.
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