Can someone tell me what "Value" means in this formula please?

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In the discussion about the term "Value" in a solar farm formula, it is clarified that "Value" likely refers to the cost of electricity per kilowatt-hour (kWh). The figure of 18.4 pence per kWh is questioned, with a suggestion that it could translate to approximately 18 cents. The conversation emphasizes understanding the market price for electricity in different currencies. Overall, the focus is on clarifying the meaning of "Value" in the context of energy pricing. Understanding this term is crucial for interpreting the financial aspects of solar energy projects.
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Paybacl
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Payback formula
Hello.

I am reading through a solar farm paper and I am getting a bit confused at looking at this formula:
fgfnfgn.png

When it says "Value", I am guessing it refers to the cost of electricity per kWh? If that is the case, I wonder how many kWh are 18.4p/kWh?
 
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p=pence?
 
The value is the cost of one kilowatt-hour of electricity in dollars on the open market.

18 cents or pence or whatever seems like a plausible cost for 1 kilowatt-hour
 
I tried to combine those 2 formulas but it didn't work. I tried using another case where there are 2 red balls and 2 blue balls only so when combining the formula I got ##\frac{(4-1)!}{2!2!}=\frac{3}{2}## which does not make sense. Is there any formula to calculate cyclic permutation of identical objects or I have to do it by listing all the possibilities? Thanks

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