Compute the correct answer of the following question
Question- A 40hp, 1780 r/min, 460V, 3-phase, 60 Hz, drip-proof Baldor Super E premium energy induction motor has a power factor of 86% and an efficiency of 93.6%. The motor, priced at $2243, runs at full-load 12 hours per day, 5 days a week.
Part 1- Calculate the cost of driving the motor during a 3 year period, knowing the cost of energy is 0.06$/kWh
I need experts help to determine the cost of driving the motor.