Question: Please show all steps and equations. I don't understand how they are getting the answer. Thank you A Chinese official is considering construction of a

Please show all steps and equations. I don't understand how they are getting the answer. Thank you

Please show all steps and equations. I don't understand how they are

A Chinese official is considering construction of a gondola lift system that transports visitors from the tops of the mountain peaks to the valley at one of the National Forest Parks in China. The lift system is expected to last |for 20 years. nnual maintenance cost of $260,000 and inspection and repaint costs of $45,000 every 5 years are expected. Annual benefits are estimated to be $420,000. If an interest rate of 17% per year and a B-C ratio of at least2.5 are used, what is the maximum investment cost allowed for the lift system? |Answer: Initial cost = -$551,861.83

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