Ivanhoe Corporation has decided to invest in renewable energy sources to meet part of its...
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Ivanhoe Corporation has decided to invest in renewable energy sources to meet part of its energy needs for production. It is considering solar power versus wind power. After considering cost savings as well as incremental revenues from selling excess electricity into the power grid, it has determined the following. Determine the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number eg - 45 or parentheses eg (45). Rould present value answers to 0 decimal places, eg. 125 and profitability index answers to 2 decimal places, e.g. 15.25.) Which energy source should it choose
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