Question 6: Public Projects Parks Canada is considering providing major upgrades to the campgrounds at Riding Mountain National Park. The expect cost of the project is $850,000, with annual maintenance of $25,000 per year. The is an expected benefit to local businesses in Wasagaming of $125,000 per year. If a 10-year project horizon is used, should the project be pursued? Apply B/C ratio, and a MARR of 7% per year. [3SF] [5]

Question 6: Public Projects Parks Canada is considering providing major upgrades to the campgrounds at Riding Mountain National Park. The expect cost of the project is $850,000, with annual maintenance of $25,000 per year. The is an expected benefit to local businesses in Wasagaming of $125,000 per year. If a 10 -year project horizon is used, should the project be pursued? Apply B/C ratio, and a MARR of 7% per year. [3SF] [5]