Find out the estimated capital investment for the smaller


Today a new 7-megaWatt solar panel farm is constructed at a cost of $14 million. 4 years from today, a smaller 6-MW solar farm will be added to the existing farm. The inflation rate on solar panel construction projects averages 8% per year. If the cost-capacity factor is the 0.85 for solar panel construction, find out the estimated capital investment for the smaller 6-MW solar farm?

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Macroeconomics: Find out the estimated capital investment for the smaller
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