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QUESTION (3): (5 Points) The municipal of a Saudis city wants to establish a new closed garage at the city center. Two designs have been

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QUESTION (3): (5 Points) The municipal of a Saudis city wants to establish a new closed garage at the city center. Two designs have been received for that purpose. The costs and benefits of the both proposals are the same in most categories. The official authorities considered the following estimates to decide which design to be recommended. The discount rate is 6% per year and the eslimated life of the project is 40 years, use the conventional B/C ratio analysis to select the suitable design Design Desigir2 Construction Cost, SR 10,000,000 15,000,000 Operation & Maintenance cost, SR/year 35,000 55,000 Drivers Benefits, SR/year 800,000 1,050,000

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