Multiple Choice
Lester Manufacturing is conducting preliminary research into installing a geothermal heat pump to heat and cool its factories and offices. The initial cost of installing the new system is $265,000; however, Lester will save $65,000 annually on its heating and cooling costs. The system has an expected life of 35 years. What is the payback period, in years, for the geothermal heat pump?
A) 4) 08 years
B) 30.92 years
C) 35.00 years
D) 39.08 years
Correct Answer:

Verified
Correct Answer:
Verified
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