B) Calculate the AEC (Average Equivalent Cost) of the hospital building using the cost requirements (15 marks) given in Table 3 Table 3 Construction Cost OMR 1 million OMR 150,000 Annual Running Cost OMR 30,000 OMR 25,000 Repainting Costs @ every 2 Years Repair Costs @ every 2 years Major replacement cost @ 5 years (Including the service costs) OMR 75,000 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