Question: Using the current specifications a new road will cost $ 1 . 5 M initially, it will need $ 1 2 0 K in annual

Using the current specifications a new road will cost $1.5M initially, it will need $120K in annual maintenance, and it will need to be resurfaced every 10 years for $1.1M. A proposed new specification is expected to be more resistant to wear. The initial cost will be $2.1M, it will need $90K in annual maintenance, and it will need to resurfaced every 15 years for $1.3M. At the highway departments 6% interest rate,how much better is the PW for the best alternative?

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