Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

Exercise 71

NRG Energy plans to construct a giant solar plant in Santa Teresa, New Mexico, to supply electricity to West Texas Electric. The plant will have 390,000 heliostats to concentrate sunlight onto 32 water towers to generate steam. It will provide enough power for 30,000 homes. If the company spends $28 million per month for 2 years in constructing the plant, how much will the company have to make each month in years 3 through 22 (that is, 20 years) to recover its investment plus 18% per year, compounded monthly