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please do all parts in 25 minutes please urgently... I'll give you up thumb definitely Question 3 The City of New York has an opportunity

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please do all parts in 25 minutes please urgently... I'll give you up thumb definitely

Question 3 The City of New York has an opportunity to invest $1,500,000 in sea walls or in building retrofits to avoid future flood risks. The building retrofits are projected to avoid $500,000 of environmental damage at the end of the first year, $550,000 at the end of the second year, $600,000 at the end of the third year, and $625,000 at the end of fourth year. The sea wall will take longer to build but will eventually be more effective, and it is projected to avoid $25,000 of environmental damage at the end of the first year, $100,000 at the end of the second year, $600,000 at the end of the third year, and $1,000,000 at the end of the fourth year. The City decides that 9 percent per year is the appropriate discount rate to use for its investments. Determine which investment promises to be the better for the City over the next four years

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