2 A new storm drainage system must be constructed right away to reduce periodic flooding that occurs in a city that is in a valley.Five mutually exclusive designs have been proposed, and their present worth (in thousands of dollars) of costs and benefits arethe following.a. Which system has the greatest B-C ratio?b. Which system has the largest incremental B-C ratio (based on differences between alternatives)?c. Which system should be chosen?System123PW of$3,000 $14,000 $11,000$3,000$1,500costsPW of13,00026,00016,0006,0006,000benefitsa. System 1has the greatest B-C ratio, which is 4.33. (Round to two decimal places.)b. System 1has the largest incremental B-C, which is 4.67. (Round to two decimal places.)c. System 2should be chosen.

A) Benifit Cost Ratio = PW benifits expected from project / PW of cost of a project (PW = present…

nas the largest should be chosen? emental B-C fatio (based 1 dilfferences between altermatives)? costs 13,000 26,000 PW of benefits has the greatest B-C ratio, which is 4.33. (Round to two decimal places.) has the largest incremental B-C, which is 4.67. (Round to two decimal places.)

nas the largest should be chosen? emental B-C fatio (based 1 dilfferences between altermatives)? costs 13,000 26,000 PW of benefits has the greatest B-C ratio, which is 4.33. (Round to two decimal places.) has the largest incremental B-C, which is 4.67. (Round to two decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A new storm drainage system must be constructed right away to reduce periodic flooding that occurs in a city that is in a valley.
Five mutually exclusive designs have been proposed, and their present worth (in thousands of dollars) of costs and benefits are
the following.
a. Which system has the greatest B-C ratio?
b. Which system has the largest incremental B-C ratio (based on differences between alternatives)?
c. Which system should be chosen?
System
1
2
3
PW of
$3,000 $14,000 $11,000
$3,000
$1,500
costs
PW of
13,000
26,000
16,000
6,000
6,000
benefits
a. System 1
has the greatest B-C ratio, which is 4.33. (Round to two decimal places.)
b. System 1
has the largest incremental B-C, which is 4.67. (Round to two decimal places.)
c. System 2
should be chosen.

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