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The recreation department for St. John's is trying to decide how to develop a piece of land. They have narrowed the choices down to tennis

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The recreation department for St. John's is trying to decide how to develop a piece of land. They have narrowed the choices down to tennis courts or a swimming pool. The swimming pool will cost $2,900,000 to construct, and will cost $300,000 per year to operate, but will bring benets of $450,000 per year over its 25 year expected life. Tennis courts would cost $200,000 to build, cost $20,000 per year to operate, and bring $60,000 per year in benets over their 8 year life. Both projects are assumed to have a salvage value of zero. The appropriate MARR is 5%. Part a - Use the BCR to select the appropriate project: The BCR for the pool is (round your answer to 3 decimal points eg. xxxx}: [210] The BCR for the tennis courts is (round your answer to 3 decimal points eg. xxxx}: [2110] Based on BCR, which project do you recommend (enter 'P' for pool or 'T' for tennis courts}: [1110] Part I) - Use the BCRM to select the appropriate project: The BCRM for the pool is (round your answer to 3 decimal points eg. xxxx}: [2(10] The BCRM for the tennis courts is (round your answer to 3 decimal points eg. xxxx}: [310] Based on the BCRM, which project do you recommend (enter 'P' for pool or 'T' for tennis courts}: W10]

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