Question 1 of 30
In a smart city initiative, a local government is considering the implementation of an Internet of Things (IoT) system to optimize energy consumption in public buildings. The system will collect data from various sensors to analyze energy usage patterns and suggest improvements. If the initial investment for the IoT infrastructure is $500,000 and the expected annual savings from energy efficiency improvements is projected to be $75,000, what is the payback period for this investment? Additionally, how does the integration of IoT technologies contribute to sustainability in urban environments?
6.67 years
5 years
8 years
10 years

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