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{"ops":[{"insert":"A plant engineer of refinery wishes to know which of two types of lightbulbs should be used to\nlight the control room. The bulbs that are currently used cost $45.90 per bulb and last 14,600\nhours before burning out. The new bulb at $60 per bulb, provides the same amount of light and\nconsumes same amount of energy, but lasts twice as long. The labour cost to change a bulb is\n$16. The lights are on 19 hours a day, 365 days a year. If the plant\u2019s MARR is 15%, what is the\nmaximum price per bulb the engineer should be willing to pay to switch to the new bulb?\n(Assume that the plants marginal tax rate is 40%).\n"}]}
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