Problem:

Use the data provided below $($taken from the original study$)$ to conduct a simple benefit cost analysis for the dam and reservoir. The benefit$-$cost analysis is to consider a $44-$year timeframe, of which the first four years are for construction.

Table $3.$ Summary of Meridian Project Capital Costs $($$ million in $2001$ dollars$)$

$\backslash$table$[[$Component$,$Scenario $1,$Scenario $2,$Scenario $3],[$Dam Total,$812,850,926],[$Hydropower$,101,101,101],[$Imgation$,2,130,2,780,3,410],[$Other infrastructure',$497,766,1,027],[$ElA$,6\mathrm{.}5,6\mathrm{.}5,6\mathrm{.}5],[$Mitigation$,46,46,46],[$Total Cost of Projoct,$3,092,4,500,5\mathrm{.}517]]$

Table $4.$ Summary of Meridian Project Anaual Costs $($$ million in $2001$ dollars$)$

$\backslash$table$[[$Component$,$Scenario $1,$Scenario $2,$Scenario $3],[$Dam Total,$3\mathrm{.}4,3\mathrm{.}5,3\mathrm{.}8],[$Hydropower$,1\mathrm{.}8,1\mathrm{.}8,1\mathrm{.}8],[$Irrigation$,23\mathrm{.}4,26\mathrm{.}6,31\mathrm{.}3],[$Total Cost of Project,$28\mathrm{.}6,31\mathrm{.}9,36\mathrm{.}9]]$

Table $5.$ Summary of Meridian Project Annual Benefits $($ $ million in $2001$ dollars$)$

$\backslash$table$[[$Component$,$Scenario $1,$Scenario $2,$Scenario $3],[$Irrigation$,40,50,60],[$Hydropower ${?}^{\text{'}},14\mathrm{.}2,16\mathrm{.}1,17\mathrm{.}9],[$Recreation$,2\mathrm{.}0,2\mathrm{.}0,2\mathrm{.}0],[$Flood Control,$0\mathrm{.}02,0\mathrm{.}02,0\mathrm{.}02],[$Environmental Benefit ${?}^2,5\mathrm{.}7,6\mathrm{.}5,7\mathrm{.}2],[$Total Benefits of Project,$67\mathrm{.}9,74\mathrm{.}6,87\mathrm{.}7]]$

Hydrepower ecanomic besefis are entimated to be $550Mrwh$

Using interest rates of $1)2\%$ and $2)6\%,$ conduct a benefit$-$cost analysis for the proposed Meridian Dam and express your solutions in tabular form.