Which of the following is an example of seeking accreditation? A. An aspiring architect applies to the top school for architecture in her area.

B. A new engineering school voluntarily submits its program of study to peer review.

C. A graduating engineering student prepares to take the Fundamentals of Engineering exam.

D. An architectural engineer submits the schematic for a new building’s HVAC system to another engineer for approval.

An external consultant recommends that a plant installs a bank of capacitors for power factor correction. this will reduce the peak electrical demand charges by an average of 93 kw every month. the plant current pays $13 per kw in peak demand charges. the capacitor bank will include 223 kw of fixed capacitors, and 183 of variable capacitors. the fixed capacitors cost $59 per kw, and the variable capacitors will cost $65 per kw. the consultant charges 21% of the equipment costs to install the capacitors. because this project will reduce the demand for the electric utility, they are prepared to provide a one-time rebate of $42 per kw of reduced demand. what is the simple payback period for this project (in years)?