Question
GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance if you compute
GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance if you compute $69,289.6478 then ENTER 69290 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into accepting/rejecting your answer, but if you round in your intermediate calculations you may be too far off. You start a private tourist attraction company, and one of your first ideas is to buy property rights to a rocky mountain, carve something huge into the rock, may be a copy of the Mount Rushmore carving, and make a huge profit on charging people for a close view. In order to figure out how much to charge for the attraction, you first need to compute the annual worth of the costs. Assume infinite life of the project. The expected cost of buying the land and carving (first cost) is $30,000,000. The expected annual operating cost is $600,000. Assume MARR of 12%. Note: do not include negative sign with your answer.
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