B) Calculate the AEC (Average Equivalent Cost) of the hospital building using the cost requirements given in Table 3 (15 marks) Table 3 Construction Cost OMR 1 million Annual Running Cost OMR 150,000 Repainting Costs @ every 2 Years OMR 30,000 Repair Costs @ every 2 years OMR 25,000 Major replacement cost @ 5 years OMR 75,000 (Including the service costs) The demolition cost is estimated at OMR 200,000 (excluding the Salvaged material valued at OMR 60,000) at the end of 15th year. The interest rate (r) is 5% and the Annual Sinking Fund (ASF) is 1.5%. Note: The PV and SF tables is provided as attachment to this question paper