CFL lasts for 5 years

O&M cost is (17 W * 2000 hours/year) /1000 * $0.25/kWh = $8.5 per year
PV of the capital cost of CFL is $7.5/(1+0.06)0 = $7.5
PV of the O&M cost of CFL is $8.5/(1+0.06)1 = $8.02
PV of the O&M cost of CFL is $8.5/(1+0.06)2 = $7.56
PV of the O&M cost of CFL is $8.5/(1+0.06)3 = $7.14
PV of the O&M cost of CFL is $8.5/(1+0.06)4 = $6.73
PV of the O&M cost of CFL is $8.5/(1+0.06)5 = $6.35
Total PV = 43.31

It will require 5 incandescent lamps during the lifetime of a CFL

O&M cost is (60 W * 2000 hours/year) /1000 * $0.25/kWh = $30 per year
PV of the capital cost of 5 incandescent lamps is $7.5/(1+0.06)0 = $7.5
PV of the O&M cost of incandescent is $30/(1+0.06)1 = $28.3
PV of the O&M cost of incandescent is $30/(1+0.06)2 = $26.7
PV of the O&M cost of incandescent is $30/(1+0.06)3 = $25.19
PV of the O&M cost of incandescent is $30/(1+0.06)4 = $23.76
PV of the O&M cost of incandescent is $30/(1+0.06)5 = $22.42
Total PV of incandescent lamp is $133.87
Economic benefit due to replacement of a CFL with an incandescent lamp is ($133.87-$43.31)
or $90.56
Total saving = 10 lamps * $90.56 = $905,6