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[Click here to go to the case study in the web interface](https://gtp.scientificwebservices.com/geophires/?geophires-example-id=Fervo_Project_Cape-4).
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## Approach & Methodology
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| Exploration Capital Cost | $30M | Estimate significantly higher exploration costs than default correlation in consideration of potential risks associated with second/third/fourth-of-a-kind EGS projects |
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| Investment Tax Credit Rate (ITC) | 30% | Same as 400 MWe case study (Fervo_Project_Cape-3) |
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See `tests/examples/Fervo_Project_Cape-4.txt` in source code for the full set of inputs.
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See [Fervo_Project_Cape-4.txt](https://github.com/softwareengineerprogrammer/GEOPHIRES/blob/main/tests/examples/Fervo_Project_Cape-4.txt) in source code for the full set of inputs.
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## Results
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| After-tax IRR | 18.80% | 15–25% | Typical levered returns for energy projects |
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| Number of times redrilling | 1 | 1–2 | Redrilling expected to be required within 5–10 years of project start |
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See `tests/examples/Fervo_Project_Cape-4.out` in source code for the results.
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See [Fervo_Project_Cape-4.out](https://github.com/softwareengineerprogrammer/GEOPHIRES/blob/main/tests/examples/Fervo_Project_Cape-4.out) in source code for the complete results.
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