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The construction cost of a sewage system is estimated to be $ 3 0 million. The annual operation, maintenance and repair ( OMR ) cost

The construction cost of a sewage system is estimated to be $30 million. The annual
operation, maintenance and repair (OMR) cost will be $1,000,000 per year. The annual income (i.e. benefits) from the collection of sanitation fee from the users will be $3,500,000. Taking a time horizon of 30 years and a discount rate of 5%, determine if the project is financially viable. Use both present worth and annual worth methods to crosscheck your answer.

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