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A power cycle has a thermal efficiency of 40% and generates electricity at a rate of 100 MW. The electricity is valued at $0.08 per kW h. Based on the cost of fuel, the cost to supply Qin is $4.50 per GJ. For 8000 hours of operation annually, determine, in $,
a) the value of electricity generated per year.
b) the annual fuel cost
Does the difference between the results of parts A and B represent profit? Discuss.
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