An alternative to CFL bulbs and incandescent bulbs are light-emitting diode (LED) bulbs. A 100 W incandescent bulb can be replaced by a 16 W LED bulb. Both produce 1,600 lumens of light. Assuming the cost of electricity is $0.20 per kilowatt-hour, how much does it cost (in dollars) to run the LED bulb for one year if it runs for three hours a day