Question: 0 / 0.08 points Question 6 A study shows that widening a road shoulder by 1 feet results in a decrease in fatal traffic

0 / 0.08 points Question 6 A study shows that widening a

0 / 0.08 points Question 6 A study shows that widening a road shoulder by 1 feet results in a decrease in fatal traffic accidents by 10%. Trying to improve the road safety, a Provincial Department of Transportation widened the road shoulders by 3 feet. Based on the data provided by the Transportation Safety Board in the table below, calculate the present worth of fatal accident cost savings resulted from this project over 3 years if social discount rate is equal to 10%. Assume that a Provincial Department of Transportation used to record 10 fatalities on average per year on this part of the road. Severity of Accidents Fatalities Injuries (Road) Property damage OO (Road) Occurrences $3.880 million $19.399 million $15.519 million $7.759 million $11.639 million per year 3,294 230,885 670,000 Compensation Cost per occurrence $1,560,000 $28,000 $5,600

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