In a solar system analysis with an initial capital cost, power cost of $25/yr escalating at 9%/yr, and maintenance at 0.5% of the capital per year, what would be the total cash flow for the third year?
a) Power cost: $25; Maintenance cost: $0; Total cash flow: $25
b) Power cost: $27.25; Maintenance cost: 0.5% of the initial capital; Total cash flow: Calculated
c) Power cost: $25 * (1 + 0.09)³; Maintenance cost: 0.5% of the initial capital; Total cash flow: Calculated
d) Power cost: $25 * (1 + 0.09)³; Maintenance cost: 0.5% of the initial capital; Total cash flow: $25 + Maintenance cost