The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $340,000. Upkeep, refreshing the videos, and developing videos for scientific research and entertainment will cost another $75,000 per year. The zoo is expected to be in operation for an indefinite period; however, a study period of only 10 years for the Web site is to be assumed, with only a residual (salvage) value of $58,000 for the archival value being anticipated. Interest is 7%. An estimated 80,000 persons will visit the e-zoo in the first year, increasing by 31,000 each year, and they will receive, on the average, an additional $0.90 of benefit per visit when the new area is complete.

NTER VERSIONBACK NEXT Question 1 The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $340,000 Upkeep, refreshing the videos, and developing videos for scientific research and entertainment will cost another $75,000 per year. The zoo is expected to be in operation for an indefinite period however, a study period o only 10 years or the web site is to be assumed with only a residual salvage value o $58 000 r the arch a value being anticipated Interes is 7% A estimated 80,000 persons will visit the e-zoo in the first year, increasing by 31,000 each year, and they will receive, on the average, an additional $0.90 of benefit per visit when the new area is complete Click here to access the TVM Factor Table Calculator Step 1 Calculate benefit-cost ratio and benefits minus costs. Round answer to 3 decimal places. The tolerance is 0.1. B/C B-C Click if you would like to Show Work for this question: Round answer to nearest whole dollar. The tolerance is 10. Open Show Work