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A city is trying to decide whether to build a parking garage. An engineering plan calculates that it takes year to build at a cost

A city is trying to decide whether to build a parking garage. An engineering plan calculates that it takes year to build at a cost of $2 million and 200,000 per year to operate An in-depth analysis of operating revenue determines that the garage will start to earn revenues of 500,000 per year in the second year. The city is interested in knowing whether this project will be profitable (BC > 1) over the next eight years (counting the year of construction) 10% . The project's B / C ratio over the eight-year period is closest to. Using Excel

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