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A small town at risk of periodic flooding is considering the option of building a levee to reduce flood risk. When a flood occurs, the

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A small town at risk of periodic flooding is considering the option of building a levee to reduce flood risk. When a flood occurs, the average cost of damages is $300,000. The following tables provide information on the frequency of different floods and the cost of building levees of different heights. Assuming that a levee lasts 50 years and a MARR of 12%, should a levee be built? And if so, how high

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