Question: Four mutually exclusive projects are being considered for a new 2-mile jogging track. The life of the track is expected to be 70 years, and

Four mutually exclusive projects are being considered for a new 2-mile jogging track. The life of the track is expected to be 70 years, and the sponsoring agency's MARR is 9% per year. Annual benefits to the public have been estimated by an advisory committee and are shown below. Use the B-C method (incrementally) to select the best jogging track. Alternative Initial cost Annual benefits B-C ratio $50,000 $7,000 1.55 $155,000 $21,000 1.50 $61,000 $10,000 1.82 $58,000 $9,500 1.82 Perform the incremental B-C Analysis. Fill-in the table below. (Round to two decimal places.) Alternative Inc. B-C ratio 1.55 ls the alternative acceptable? Yes
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