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An analysis of accidents in a rural area indicates that widening a highway from 30ft to 40ft will decrease the annual accident rate from 1,200

An analysis of accidents in a rural area indicates that widening a highway from 30ft to 40ft will decrease the annual accident rate from 1,200 to 750 per million vehicle-miles.Calculate the average daily number of vehicles that should use the highway to justify widening on the basis of the following estimates:

  • The average loss per accident is $1,500
  • The cost of widening is $123,000 per mile
  • The useful life of the widened roadway is 25 years
  • The annual maintenance costs are $5,000 per mile
  • The MARR = 12% per year

no exceel, by hand please step by step

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