Question 1 of 4 -13 Please view the following video before answering this question. Video Solution: 04.03-PRO01 Click here to access the TVM Factor Table Calculator The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $300.000. Upkeep. refreshing the videos, and developing videos for scientific research and entertainment will cost another $81,000 per year. The zoo is expected to be in operation for an indefinite period; however, a study period of only 10 years for the Web site is to be assumed with only a residual (salvage) value of $57,000 for the archival value being anticipated. Interest is 5%. An estimated 90,000 persons will visit the e-zoo in the first year, increasing by 29,000 each year, and they will receive, on the average, an additional $0.70 of benefit per visit when the new area is complete. Parta Calculate benefit-cost ratio and benefits minus costs. Round answer to 3 decimal places. The tolerance is +0.1. B/C Round answer to nearest whole dollar. The tolerance is $10. B-C $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for later Part b The parts of this question must be completed in order. This part will be available when you complete the part above. Question 1 of 4 -13 Please view the following video before answering this question. Video Solution: 04.03-PRO01 Click here to access the TVM Factor Table Calculator The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $300.000. Upkeep. refreshing the videos, and developing videos for scientific research and entertainment will cost another $81,000 per year. The zoo is expected to be in operation for an indefinite period; however, a study period of only 10 years for the Web site is to be assumed with only a residual (salvage) value of $57,000 for the archival value being anticipated. Interest is 5%. An estimated 90,000 persons will visit the e-zoo in the first year, increasing by 29,000 each year, and they will receive, on the average, an additional $0.70 of benefit per visit when the new area is complete. Parta Calculate benefit-cost ratio and benefits minus costs. Round answer to 3 decimal places. The tolerance is +0.1. B/C Round answer to nearest whole dollar. The tolerance is $10. B-C $ eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for later Part b The parts of this question must be completed in order. This part will be available when you complete the part above
