Question: Please help me solve this problem with full steps 1. A bridge is to be constructed now as part of a new road. An analysis

Please help me solve this problem with full steps

Please help me solve this problem with full steps 1. A bridge

1. A bridge is to be constructed now as part of a new road. An analysis has shown that trafc density on the new road will justify a two-lane bridge at the present time. Because of uncertainty regarding future use of the road, the time at which an extra two lanes will be required is currently being studied. The estimated probabilities of having to widen the bridge to four lanes at various times in iture are as follows: Widen Bridge In (years) Probability The present estimated cost of the two-lane bridge is $2,100,000. If constructed now, the four-lane bridge will cost $4,000,000. The iture cost of widening a two-lane bridge will be an extra $2,000,000 plus $250,000 for every year the widening is delayed. If money can earn 10% per year, what would you recommend

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