QUESTION 3 . A city is considering the development of a recreational complex. Two plans are under consideration (Ch. 5 and 6) Land development life permanent) Buildings Construction cost (life permallant) Rec. Facilities Construction cost (life Permanent) Annual maintenance Plan 1 $100,000 $125,000 $100,000 $12,000 Plan 11 $100,000 $175,000 $100,000 $4,000 Under the plan I, the building will have to be refurbished at a cost of $60,000 every 15 years and facilities have to be refurbished at a cost of $100.000 every 10 years. Under plan II, the building will be refurbished every 25 years and facilities every 10 years at a cost equal to the original cost of construction. Considering "infinite life", determine the L Present worth of cost (PWC) of Plan I should be interest -10 %) a. 5726,880 b. 5956,230 c. $678,345 d. 5526,600 QUESTION 4