Use Incremental B$/$C analysis to determine the best alternative for rehabilitation of a park. Clearly mention the classification of given values into benefits and costs.

Alternatives

$12$

Initial Cost $($$$)550,000600,000$

Annual Maintenance Cost $($$$)40,00035,000$

Entrance Fees $($$$)($per year$)625,000700,000$

Extra Revenue $($$$)($per year$)200,000225,000$

MARR $($i$)=12\%$

Project Life $($n$)=15$ years