example 20.2 depreciation rate 0.01235 total fixed charge rate 0.142350 annual cost of efficiency motor Rs7.118000e+005per year total electrical bill with present motors Rs2.050000e+007per year total electrical bill with efficiency motor Rs.1.845000e+007 total annual cost if motors are replaced by high efficiency motors Rs1.916180e+007 per year annual saving Rs1338200 per year b present worth factor 0.14235 present worth of annual cost with existing motors Rs1.440100e+008 present worth of annual cost with new motor Rs1.296100e+008 total present worth 1.346100e+008 per year