renovated for 13.5 million $

benefits from renovation 2.7mil$

40 year life

MARR 10 %

S Question 36 points A city public theatre is being renovated for $13.5 million. The expected annual benefits resulting from this renovation are estimated to be $2.7 million. Assume that the salvage value of the theatre at the end of its 40 year life is negligible. The discounted payback period of this project assuming an MARR of 10 i 7 years 8 years 6 years 5 years