Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A one-mile section of a roadway in Florida has been washed out by heavy rainfall. The county is considering two options for rebuilding the road.
A one-mile section of a roadway in Florida has been washed out by heavy rainfall. The county is considering two options for rebuilding the road. Pertinent data are presented below. Concrete $1.200,000 $1,500 20 years Asphalt Capital Investment $700,000 Annual maintenance $2.000 Life of roadway 12 years If the county's MARR for this type of project is 7% per year, which replacement option should be chosen? Assume repeatability. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 7% per year, The equivalent uniform annual cost for the asphalt option is $(Round to the nearest dollar) The equivalent uniform annual cost for the concrete option is $])(Round to the nearest dollar) Select the option More Info N 1 2 3 4 5 Discrete Compounding; i = 7% Single Payment Uniform Series Compound Compound Sinking Amount Present Amount Present Fund Factor Worth Factor Factor Worth Factor Factor To Find F To Find P To Find F To Find P To Find A Given P Given F Given A Given A Given F FIP PIF FIA PIA AF 1.0700 0.9346 1.0000 0.9346 1.0000 1.1449 0.8734 2.0700 1.8080 0.4831 1.2250 0.8163 3.2149 2.6243 0.3111 1.3108 0.7629 4.4399 3.3872 0.2252 1.4026 0.7130 5.7507 4.1002 0.1739 1.5007 0.6663 7.1533 4.7665 0.1398 1.6058 0.6227 8.6540 5.3893 0.1156 1.7182 0.5820 10.2598 5.9713 0.0975 1.8385 0.5439 11.9780 6.5152 0.0835 1.9672 0.5083 13.8164 7.0236 0.0724 2.1049 0.4751 15.7836 7.4987 0.0634 2.2522 0.4440 17.8885 7.9427 0.0559 2.4098 0.4150 20.1406 8.3577 0.0497 Capital Recovery Factor To Find A Given P AIP 1.0700 0.5531 0.3811 0.2952 0.2439 0.2098 0.1856 0.1675 0.1535 0.1424 0.1334 0.1259 0.1197 6 7 8 9 10 11 12 13 Print Done low 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1.0700 1.1449 1.2250 1.3108 1.4026 1.5007 1.6058 1.7182 1.8385 1.9672 2.1049 2.2522 2.4098 2.5785 2.7590 2.9522 3.1588 3.3799 3.6165 3.8697 0.9346 0.8734 0.8163 0.7629 0.7130 0.6663 0.6227 0.5820 0.5439 0.5083 0.4751 0.4440 0.4150 0.3878 0.3624 0.3387 0.3166 0.2959 0.2765 0.2584 1.0000 2.0700 3.2149 4.4399 5.7507 7.1533 8.6540 10.2598 11.9780 13.8164 15.7836 17.8885 20.1406 22.5505 25.1290 27.8881 30.8402 33.9990 37.3790 40.9955 0.9346 1.8080 2.6243 3.3872 4.1002 4.7665 5.3893 5.9713 6.5152 7.0236 7.4987 7.9427 8.3577 8.7455 9.1079 9.4466 9.7632 10.0591 10.3356 10.5940 1.0000 0.4831 0.3111 0.2252 0.1739 0.1398 0.1156 0.0975 0.0835 0.0724 0.0634 0.0559 0.0497 0.0443 0.0398 0.0359 0.0324 0.0294 0.0268 0.0244 1.0700 0.5531 0.3811 0.2952 0.2439 0.2098 0.1856 0.1675 0.1535 0.1424 0.1334 0.1259 0.1197 0.1143 0.1098 0.1059 0.1024 0.0994 0.0968 0.0944 16 17 18 19 20 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started