You are asked to evaluate the cost of a coastal restoration project for the state of...
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You are asked to evaluate the cost of a coastal restoration project for the state of Florida. Florida's "Big Bend" is the area on the gulf coast from Clearwater up to the Apalachee Bay. Living Shorelines is working to save this part of the coast by planting marsh grasses and other native plant species, reinforcing the shore with oyster bags, and installing a redeemed seawall. They have split up the "Big Bend" into 5 areas. The first area is expected to cost about $50,000 in materials and each after is expected to increase 5%. They will tackle one (1) area each quarter over the next 15 months and purchase all materials for that area at the beginning of the quarter. a) Draw the cash flow diagram of the expected future expenses over the next 15 months. b) What is the present value of the project to restore Florida's "Big Bend"? Use an effective monthly rate of 3%. Materials will be bought for each restoration effort at the beginning of the quarter in which that area will be worked on. c) The state budget has committed $150,000 to the whole project. A federal grant will contribute another $50,000. The Living Shores team will take out a loan to pay for the rest. All funds will be received at the beginning of the whole project. Living Shores will pay the loan back over 10 years on a monthly basis. The loan has an interest rate of 12% compounded monthly. What is the expected monthly payment Living Shores will be expected to pay over the next 10 years? LIVING SHORELINES SUPPORT RESILIENT COMMUNITIES Uving shorelines use plants or other natural elements-sometimes in combination with harder shoreline structures to stabilize estuarine coasts, bays, and tributaries them to Living h water qality provide habitat prom recreation sans of pelines baha sheries hab Hard The National Centers for Eaastal Quran Selectalicence. Western Panhandle Big Band South Central East Northeast ہے Act Go to You are asked to evaluate the cost of a coastal restoration project for the state of Florida. Florida's "Big Bend" is the area on the gulf coast from Clearwater up to the Apalachee Bay. Living Shorelines is working to save this part of the coast by planting marsh grasses and other native plant species, reinforcing the shore with oyster bags, and installing a redeemed seawall. They have split up the "Big Bend" into 5 areas. The first area is expected to cost about $50,000 in materials and each after is expected to increase 5%. They will tackle one (1) area each quarter over the next 15 months and purchase all materials for that area at the beginning of the quarter. a) Draw the cash flow diagram of the expected future expenses over the next 15 months. b) What is the present value of the project to restore Florida's "Big Bend"? Use an effective monthly rate of 3%. Materials will be bought for each restoration effort at the beginning of the quarter in which that area will be worked on. c) The state budget has committed $150,000 to the whole project. A federal grant will contribute another $50,000. The Living Shores team will take out a loan to pay for the rest. All funds will be received at the beginning of the whole project. Living Shores will pay the loan back over 10 years on a monthly basis. The loan has an interest rate of 12% compounded monthly. What is the expected monthly payment Living Shores will be expected to pay over the next 10 years? LIVING SHORELINES SUPPORT RESILIENT COMMUNITIES Uving shorelines use plants or other natural elements-sometimes in combination with harder shoreline structures to stabilize estuarine coasts, bays, and tributaries them to Living h water qality provide habitat prom recreation sans of pelines baha sheries hab Hard The National Centers for Eaastal Quran Selectalicence. Western Panhandle Big Band South Central East Northeast ہے Act Go to
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Related Book For
International Accounting
ISBN: 978-1260466539
5th edition
Authors: Timothy Doupnik, Mark Finn, Giorgio Gotti, Hector Perera
Posted Date:
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