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Three locations for a water tower for the village of Wideplace are being considered. Initial construction costs and annual operating costs for these sites are
Three locations for a water tower for the village of Wideplace are being considered. Initial construction costs and annual operating costs for these sites are given in the table. Assume that the water tower will last forever and that a site must be selected. Using benefit/cost ratio analysis and an interest rate of 9.53101798% per year compounded continuously, which site should be chosen? (Please clearly show which B/C ratio you are using)
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