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The initial cost for the construction of an amusement park is 5,000,000 $. The annual keep up cost is 120,000$, and the renovation cost is

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The initial cost for the construction of an amusement park is 5,000,000 $. The annual keep up cost is 120,000$, and the renovation cost is 250,000 every five years. 100,000 people are expected to visit the park in a year. The city which owns the park uses a 4% annual MARR. What should be the entrance fee so that the city breaks even? a) 3.23 $ b) 3.05 $ c) 3.41 $ d) 3.66 $

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