Question: pls explain like its a written exam Question 6.9 (10pts) A local municipality is considering promoting tourism in the city. It will cost $20,000 to

pls explain like its a written exam
Question 6.9 (10pts) A local municipality is considering promoting tourism in the city. It will cost $20,000 to develop a plan. The anticipated annual benefits and costs are as follows: Annual benefits: Increased local income and tax collections Annual support service costs: Parking lot expansion, rest room, patrol car and street repair $112,500 $62,500 If the city uses a discount rate of 12% and a study period of ten years, what is the B/C ratio for this project, is this project justifiable according to the benefit-cost analysis? A) This project is justifiable based on the benefit-cost analysis B) This project is not justifiable based on the benefit-cost analysis C) It is ambiguous. D) Answers A, B and C are not correct
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