(a) A future home owner is specifying construction materials for a new home in Edmonton, . The home is heated with electric heat at a cost of per . There are of exterior walls consisting of of wood with space for thick insulation. If fiberglass loose-fill insulation would cost and polystyrene foam sheet insulation would cost , what is the payback period for the additional investment in polystyrene?
(b) Repeat part (a) for the same home being built in San Francisco, CA.
See Chapter 8 for additional useful information.
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