ECONOMIC IMPACT ANALYSIS OF A NEW MUSEUM Each year PV of $ Flows Year 1 $ 25,000,000 Construction costs Museum Employment average earnings 75 $ 40,000 $ 100,000 $ 50,000 Museum supplies paid to suppliers Museum utility costs For each dollar of wages food clothing recreation household goods transportation 0.25 0.10 0.05 0.10 0.20 Assume: > In each year, the monetary flows from museum activity are the same (no inflation) > The appropriate social discount rate is 2%. Find: 1. The present value of the perpetuities for each type of financial flow. 2. The dollar amount each type of impact Direct impact: Indirect impact: Induced impact: 3. Are the benefits worth the cost? yeso A what's the total ECONOMIC IMPACT ANALYSIS OF A NEW MUSEUM Each year PV of $ Flows Year 1 $ 25,000,000 Construction costs Museum Employment average earnings Museum supplies paid to suppliers Museum utility costs For each dollar of wages 75 $ 40,000 $ 100,000 $ 50,000 food clothing recreation household goods transportation 0.25 0.10 0.05 0.10 0.20 Assume: > In each year, the monetary flows from museum activity are the same (no inflation) > The appropriate social discount rate is 2%. Find: 1. The present value of the perpetuities for each type of financial flow. 2. The dollar amount each type of impact Direct impact: Indirect impact: Induced impact: 3. Are the benefits worth the cost? yeso * what's the total