Question: answer this The initial cost of constructing a flood control dam is estimated at $5 million, with annual upkeep costs of $340,000. With the construction

answer this

The initial cost of constructing a flood control dam is estimated at $5 million, with annual upkeep costs of $340,000. With the construction of the dam, annual savings from reduced flood damage, agricultural development, and tourism are expected to be $1.25 million, whereas discomforts from significant ecological and human social changes are expected to be $0.025 million per year. Assume the dam will have a useful life of 53 years. Based on the Benefit-Cost ratio, using an equivalent uniform annual cost method at an interest rate of 17% per year a. What is the benefit-cost ratio of the project? Show complete solution. Blank 1 (Answer in 4 decimal values) b. Should the dam be constructed? Explain your answer in 1 sentence. Blank 2 Blank1 = Add your answer Blank2 Add your

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