Three mutually exclusive projects are being considered for a new park. The life of the park is expected to be 100 years and the sponsoring agency's MARR is 10% per year. Annual benefits to the public have been estimated by a committee and are shown below. Use the B-C method (incrementally) to select the best project.

Transcribed Image Text:

Alternative Initial costs $500,000 $550,000 $600,000 Annual benefits $80,000 $90,000 000 Benefit cost ratio 1.6 1.63 1.583