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plz write a new solution A local municipality is considering investing $270,000 to upgrade a park. Based on similar investments made by similar cities, it
plz write a new solution
A local municipality is considering investing $270,000 to upgrade a park. Based on similar investments made by similar cities, it is anticipated the investment will result in annual costs and annual benefits over a 7-year period as shown in the cash flow profile given below (in thousands of dollars). Notice, an intermediate investment of $180,000 is anticipated in the 6th year of the investment. Based on a MARR of 6%, calculate the benefit-cost ratio of the investment. Round answer to two decimal places. (All values in thousand dollars) End-of Year Costs Benefits Net Cash Flow 0 $270 -$270 1 $90 $135 $45 N 2 $90 $135 $45 3 $90 $135 $45 4 $90 $135 $45 5 5 $90 $135 $45 6 $270 $135 -$135 7 $90 $135 $45 Step by Step Solution
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