*** Please draw Cash Flow Diagrams where necessary please or thumbs down***

As part of the rehabilitation of the downtown area of a northwestern Florida city, the Parks and Recreation Department is planning to develop the space below several overpass bridges into basketball, handball, miniature golf, and tennis courts. The initial cost is expected to be $150,000 for improvements which are expected to have a 20-year life. Annual maintenance costs are projected to be $12,000. The department expects 20,000 people per year to use the facilities for an average of 2 hours per person. the value of the recreation has been conservatively set at $0.50 per hour. At a discount rate of 6% per year, does the conventional B/C ratio indicate economic justification?