A municipality is considering two types of bituminous concrete pavement for one their road projects on a per mile basis. Perform an economic analysis to determine which pavement is the best economic decision for the .Jse an annual interest rate of 6%. Show all work. Pavement A: Initial Cost: $162,000; New Pavement Striping at the end of years 3,6 and 9 at a cost of $12,000, $14,000 and $16,000, respectively; Salvage value(due to recycling): $16,200; Useful life: 10 Years; Annual Maintenance costs: $10,000/Year. Pavement B: Initial Cost: $246,000; New Pavement Striping at the end of 3, 6, 9 and 12 at a cost of $12,000, $14,000, $16,000 and $18.000 respectively; Salvage Value (due to recycling): $24,600; Useful Ufe: 15 Years; Annual Maintenance Costs: $7,000/Year. A municipality is considering two types of bituminous concrete pavement for one their road projects on a per mile basis. Perform an economic analysis to determine which pavement is the best economic decision for the .Jse an annual interest rate of 6%. Show all work. Pavement A: Initial Cost: $162,000; New Pavement Striping at the end of years 3,6 and 9 at a cost of $12,000, $14,000 and $16,000, respectively; Salvage value(due to recycling): $16,200; Useful life: 10 Years; Annual Maintenance costs: $10,000/Year. Pavement B: Initial Cost: $246,000; New Pavement Striping at the end of 3, 6, 9 and 12 at a cost of $12,000, $14,000, $16,000 and $18.000 respectively; Salvage Value (due to recycling): $24,600; Useful Ufe: 15 Years; Annual Maintenance Costs: $7,000/Year