Required information Use the following information to answer Problems 45 - 47 (Algo) [The following information applies to the questions displayed below.] Washington County's Board of Representatlves is considerlng the construction of a longer runway at the county alrport. Currently, the alrport can handle only prlvate alrcraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board's decision appear below. In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $112,000. The old snowplow could be sold now for $10,600. The new, larger plow will cost $13,200 more in annual operating costs. Second, the County Board of Representatlves belleves that the proposed long runway, and the major jet service It will bring to the county, will increase economic activity in the community. The board projects that the Increased economic actlivity will result in $76,240 per year in additional tax revenue for the county. In analyzling the runway proposal, the board has decided to use a 10-year time horlzon. The county's hurdle rate for capltal projects is 12 percent. Use Appendix A for your reference. Note: Use approprlate factor(s) from the tables provided. PR 16-46 (Algo) Net Present Value (Section 1) (LO 16-1, 16-3) Required: 1. Prepare a net-present-value analysis of the proposed long runway. 2. Should the County Board of Representatives approve the runway considering NPV? 3. Which of the data used in the analysis are likely to be most uncertaln? Which are likely to be least uncertaln? PR 16-46 (Algo) Net Present Value (Section 1) (LO 16-1, 16-3) Required: 1. Prepare a net-present-value analysis of the proposed long runway. 2. Should the County Board of Representatives approve the runway considering NPV? 3. Which of the data used in the analysis are IIkely to be most uncertain? Which are Iikely to be least uncertaln? Complete this question by entering your answers in the tabs below. Prepare a net-present-value analysis of the proposed long runway. Note: Round your "Annuity discount factor" to 3 decimal places. Amounts to be deducted should be indicated by a minus sign