Given that,
   E = 3500 x 700 = 24500000 ft lb/min = 56350
W
  Heat generated = W / V
  V = 0.96
  Heat generation = 56350 / 0.96 = 58697.9
W/m3
b) Given that,
   The working hours daily = 12 hrs
Energy consumption daily = 5365
  rate = $0.1 / Kwh
  25 days per month
Then the cost calculation = $2.02 / month
                                     Â
= $24.68 / year.