nroperty oanl of $1000 pe can be acquired 8.32 A state agency is contemplating building a new 5630-acre industrial park. The property can be t0ny this year, at a cost of $1000 per acre. Roadways and other improvements are estimated to cost a total of 10ed will be moved out over the next three years; the displacement costs are estimated at $1 000000erty ovide the state with new tax acre, with these costs spread evenly over the next 10 years. The few residents currently on the pr $500000 next year, and $200000 the year after. The park is expected to provide the statewthear per year revenues of $5 000 000 per year, starting five years from now, with an increase of $2000 000 the project will be borrowed at an interest rate of 7% per year, compounded annually (a) what is present-worth NBV of the project? (b) What is the present-worth BCR justifiable?Ans. (a) $14 401 566; (b) 2.30; (c) yes thereafter. The state has decided to evaluate this project on the basis of a 10-year lifetime. The funds the ? (c) Is the project economically 2 188 201 12