Question: Please solve with equations. No excel! A section of interstate highway has benefits in terms of additions to the gross national product (GNP) of $100,

Please solve with equations. No excel!  Please solve with equations. No excel! A section of interstate highway

A section of interstate highway has benefits in terms of additions to the gross national product (GNP) of $100, 000, 000 for each of the first five years of its existence, $200, 000, 000 for the next five, and $300, 000, 000 for the next ten. Its first cost is $1 billion. a. If the cost of capital is 15%, should the project be built? Use present worth analysis. b. At what cost of capital (i) is the project sensitive? (Project sensitive = the i where the project could go or not-go.) c. At what first cost is the project sensitive if the cost of capital is maintained at 15%

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