A commercial refrigerator with refrigerant-134a as the working fluid is used to keep the refrigerated space at -35°C by rejecting waste heat to cooling water that enters the condenser at 18°C at a rate of 0.25 kg/s and leaves
at 26°C. The refrigerant enters the condenser at 1.2 MPa and 50°C and leaves at the same pressure subcooled by
5°C. If the compressor consumes 3.3 kW of power, determine

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)?