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■ Geothermal alternate priced at $524,000
<br />■ Payback on this system is anticipated in 24 yrs with conventional financing
<br />or 32 yrs with loan
<br />■ Two factors reduced
<br />financial return:
<br />• Very efficient base
<br />bid design
<br />• Necessity of bidding
<br />system as an alternate
<br />AW eatrm-us
<br />( D I �Gab;rtY S::hcas
<br />I Net Present Value of Geothermal Alternate vs. Base Bid
<br />I
<br />!RESULTS
<br />lint. Rate of Return (IRR) 7.9h
<br />!Net Present Value (NPV) $735,377
<br />i
<br />l Year
<br />Capital
<br />Energy
<br />Maintenance
<br />Replacement
<br />Annual Cash
<br />Flow
<br />Present Value
<br />Running Total
<br />NPV
<br />i 0
<br />4524,000
<br />4524,000
<br />4524,000
<br />4524.000
<br />1
<br />$12,576
<br />$8,934
<br />$21,510
<br />$20,682
<br />$503.318
<br />i 2
<br />$13,205
<br />$9,380
<br />$22,585
<br />$20,881
<br />$482,436
<br />i 3
<br />$13,865
<br />$9,849
<br />$23,714
<br />$21_082
<br />- $461,354
<br />4
<br />$14,558
<br />$10,342
<br />$24,900
<br />$21.285
<br />-144 TUTU
<br />5
<br />$15,286
<br />$10,859
<br />$26,145
<br />$21,489
<br />$418.580
<br />i 6
<br />$16,051
<br />$11,402
<br />$27,452
<br />$21,696
<br />$396.884
<br />I 7
<br />$16,653
<br />$11,972
<br />$28,625
<br />$21,905
<br />$374,979
<br />8
<br />$17,696
<br />$12,571
<br />$30,266
<br />$22,115
<br />$352,864
<br />9
<br />$18.580
<br />$13,199
<br />$31,780
<br />$22,328
<br />$330.536
<br />i 10
<br />$19,510
<br />$13,859
<br />$33,359
<br />$22,543
<br />$307,993
<br />i 11
<br />$20,485
<br />$14,552
<br />$35,037
<br />$22.759
<br />$285,234
<br />12
<br />$21,509
<br />$15,280
<br />$36.789
<br />$22.978
<br />$262,256
<br />13
<br />$22,585
<br />$15,044
<br />$38,6281
<br />$23,199
<br />4239,057
<br />i 14
<br />$23,714
<br />$16,846
<br />$40,550
<br />$23,422
<br />$215,634
<br />i 15
<br />$24,900
<br />$17,688
<br />$42,588
<br />$23,647
<br />$191,987
<br />16
<br />$26,145
<br />$18,573
<br />544,717
<br />$23,875
<br />4168,112
<br />17
<br />$27.452
<br />$19,501
<br />$46,953
<br />$24.104
<br />$170
<br />i 18
<br />$28,824
<br />$20,476
<br />$49,301
<br />$24,336
<br />- $119,672
<br />i 19
<br />$30,266
<br />$21,500
<br />$51,766
<br />$24,570
<br />$45,101
<br />20
<br />$31,779
<br />$22,575
<br />$65,785
<br />431,431
<br />$14,345
<br />4109,446
<br />21
<br />$33,368
<br />$23,704
<br />$57,072
<br />$25,045
<br />484,401
<br />i 22
<br />$35,036
<br />$24,889
<br />$59,925
<br />$25,286
<br />$59.115
<br />i 23
<br />$36,788
<br />$26,133
<br />$62,921
<br />$25,529
<br />433,587
<br />24
<br />$38,527
<br />$27,440
<br />$66,068
<br />$25,774
<br />$7,812
<br />25
<br />$40,559
<br />$28,812
<br />$69,371
<br />$26,022
<br />$18,210
<br />i 26
<br />$42,587
<br />$30,253
<br />$72,839
<br />$25,272
<br />$44,482
<br />i 27
<br />$44,716
<br />$31,765
<br />$76,401
<br />$26,525
<br />571,008
<br />281
<br />i $46,952
<br />$33,354
<br />$80,306
<br />$26,780
<br />$97,768
<br />29
<br />$49,300
<br />$25,021
<br />$84,321
<br />$27,038
<br />$124,825
<br />i 30
<br />$51,765
<br />$36,772
<br />$88,537
<br />$27,298
<br />'$752,723
<br />IV OSELEYARCHISECTS
<br />G -3 Page 147
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