Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Llidl, & Systems Engineering Fall 2021 Distance 4. (6 pts) A city is looking at building a bridge over a set of railroad tracks. It

image text in transcribed
Llidl, & Systems Engineering Fall 2021 Distance 4. (6 pts) A city is looking at building a bridge over a set of railroad tracks. It is estimated cost is $250,000. The benefits to the city's population through reduced congestion and less wear and tear on their automobiles is estimated at $30,000/year. Maintenance cost each year is estimated to be $10,000. Businesses in the vicinity of the new bridge are estimated to lose $7,000 in profits every year due to reduced customer access. The bridge is expected to have a 50-year life and cost $75,000 to tear down then (negative salvage cost). If the interest rate is 5%, should the city construct the bridge using Conventional B/C ratio H

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economic Relations Since 1945

Authors: Catherine R Schenk

2nd Edition

1351183567, 9781351183567

More Books

Students also viewed these Economics questions