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Answer the question A Chinese official is considering construction of a gondola lift system that transports visitors from the tops of the mountain peaks to

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Answer the question A Chinese official is considering construction of a gondola lift system that transports visitors from the tops of the mountain peaks to the valley at one of the National Forest arks in China. The lift system is expected to last for 20 years. Annual maintenance cost of $260,000 and inspection and repaint costs of $45,000 every 5 years are expected. Annual benefits are estimated to be $481,087. If an interest rate of 10% per year and a B- C ratio of at least 2.5 are used, what is the maximum investment cost allowed for the lift system? (HINT: Answer skip $ and comma symbols; represent your answer as a positive value) Selected Answer: 33,873,237.16 Correct Answer: 631,196. 192+3% |

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