Question: A project to return Americans to the moon has been estimated to cost $100 billion and take five years to complete, but past similar projects

A project to return Americans to the moon has been estimated to cost $100 billion and take five years to complete, but past similar projects have cost 30% more and taken 20% longer. What should the revised estimates for cost and time be? Because of the long duration, the effects of the time value of money should be taken into considerationwhat does this do to the estimated budget and duration. Assume a 3% annual inflation rate.

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