Question
A regional transportation agency is evaluating the construction of a bridge across a waterway.The main purpose of the bridge would be to enable drivers to
A regional transportation agency is evaluating the construction of a bridge across a waterway.The main purpose of the bridge would be to enable drivers to save travel time and fuel costs.Using the data in the table below, evaluate the bridge project using the benefit-cost ratio.Ignore any salvage (resale) value at the end of the project life, and ignore any tolls that may be charged.The trips (bridge crossings) include both directions; do not multiply these by 2.Compute the ratio to an accuracy of at least three significant digits. Is the project acceptable or not?
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