Question: PLEASE SHOW ALL STEPS 10-18. Two municipal cell tower designs are being considered by the city of Newton. If the city expects a modified benefit-cost

PLEASE SHOW ALL STEPS
10-18. Two municipal cell tower designs are being considered by the city of Newton. If the city expects a modified benefit-cost ratio of 1.0 or better, which design would you recommend based on the data that follows? Assume repeatability. The city's cost of capital is 10% per year. (10.8) Verizon Cellgene Initial investment (first cost) Useful life in years Market value at end of useful life Annual benefits from operation Annual operating expenses $75,000 $175,000 12 $20,000 $28,800 $37,500 $38,800 $9,800 $11,300
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