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Data pertaining to a water resource project, designed for a 50-yr flood likely to provide full safety against floods up to 50 yr as follows:

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Data pertaining to a water resource project, designed for a 50-yr flood likely to provide full safety against floods up to 50 yr as follows: Cost of the project =RM 5 Million Salvage value = RM 0 Cost of the project to be recovered =RM 5 Million Period of recovery = 50 years Interest rate = 6% per annum Maintenance charges =2% of capital cost Given the correlation of on Annual Damages and Flood Frequency in Table Q3, determine: i) The annual cost of the project. ii) The annual benefits of the project. iii) The Benefit Cost (B, C) ratio of the project and comment on its viability from the perspective government planning

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