“…The annual capital cost of the whole system can be obtained by evenly distributing the total capital cost into all operating years, according to the below equation
where Z sum is the sum of investment costs of all components, which can converse to total capital cost by multiplying the maintenance factor φ (specified as 1.05). Capital recovery factor (CRF) can be determined with interest rate ( i = 3%) and system life time ( n = 10), according to literature
18 . Investment cost of condenser ( Z gc ), evaporator ( Z e ), fan‐coil unit ( Z fan ), compressor ( Z com ), pump ( Z pump ), water tank ( Z wt ), and expansion valve ( Z ev ) are determined by Equations ()–(),
19–21 respectively.…”