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X=38286 Q3- [20 marks] Let X be the least five significant digits in your student ID. For example, if your student ID is S00012345, then
X=38286 Q3- [20 marks] Let X be the least five significant digits in your student ID. For example, if your student ID is S00012345, then X = 12345. Use the value of X obtained based on your student ID in the problem below. A Canadian company is constructing a lift system to transport visitors from the tops of the mountain peaks to the valley at one of the National Forest Parks. The lift system is expected to last for 22 years. Annual maintenance and repaint costs are $260,000 and $X, respectively. Annual benefits are estimated to be $1,000,000. If an interest rate of 17% per year and a conventional AW B-C ratio of at least 2.5 are used, what is the maximum investment cost allowed for the lift system? X=38286 Q3- [20 marks] Let X be the least five significant digits in your student ID. For example, if your student ID is S00012345, then X = 12345. Use the value of X obtained based on your student ID in the problem below. A Canadian company is constructing a lift system to transport visitors from the tops of the mountain peaks to the valley at one of the National Forest Parks. The lift system is expected to last for 22 years. Annual maintenance and repaint costs are $260,000 and $X, respectively. Annual benefits are estimated to be $1,000,000. If an interest rate of 17% per year and a conventional AW B-C ratio of at least 2.5 are used, what is the maximum investment cost allowed for the lift system
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