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The city of Columbus has identified three options for a public recreation area suitable for informal family activities and major organized events. As with most alternatives today, there are benefits, disbenefits, costs, and some savings. These have been estimated with the help of an external planning consultant and are identified in the table below. In each case, these are annualized over a 10-year planning horizon. Benefits Disbenefits Costs Savings Option 1 $440,000 $78,000 $250,000 $31.000 Option 2 Can you tell from these ratios which option should be selected? $570,000 $155,000 $390.000 $57.000 b. Determine which option should be selected using the incremental B/C ratio. Option 3 c. Determine which option should be selected using the B-C for each option. $585,000 $160,000 a. Determine the B/C ratio for: Option 1: Option 2: Option 3: Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is ± 0.02. $500,000 $86.000

The city of Columbus has identified three options for a public recreation area suitable for informal family activities and major organized events. As with most alternatives today, there are benefits, disbenefits, costs, and some savings. These have been estimated with the help of an external planning consultant and are identified in the table below. In each case, these are annualized over a 10-year planning horizon. Benefits Disbenefits Costs Savings Option 1 $440,000 $78,000 $250,000 $31.000 Option 2 Can you tell from these ratios which option should be selected? $570,000 $155,000 $390.000 $57.000 b. Determine which option should be selected using the incremental B/C ratio. Option 3 c. Determine which option should be selected using the B-C for each option. $585,000 $160,000 a. Determine the B/C ratio for: Option 1: Option 2: Option 3: Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is ± 0.02. $500,000 $86.000

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The city of Columbus has identified three options for a public recreation area suitable for informal family activities and major organized events. As with most alternatives today, there are benefits, disbenefits, costs, and some savings. These have been estimated with the help of an external planning consultant and are identified in the table below. In each case, these are annualized over a 10-year planning horizon. Benefits Disbenefits Costs Savings Option 1 $440,000 $78,000 $250,000 $31,000 Option 2 Can you tell from these ratios which option should be selected? $570,000 $155,000 $390,000 $57.000 b. Determine which option should be selected using the incremental B/C ratio. Option 3 c. Determine which option should be selected using the B-C for each option. $585,000 $160,000 a. Determine the B/C ratio for: Option 1: Option 2: Option 3: Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is ± 0.02. $500,000 $86,000
Transcribed Image Text:The city of Columbus has identified three options for a public recreation area suitable for informal family activities and major organized events. As with most alternatives today, there are benefits, disbenefits, costs, and some savings. These have been estimated with the help of an external planning consultant and are identified in the table below. In each case, these are annualized over a 10-year planning horizon. Benefits Disbenefits Costs Savings Option 1 $440,000 $78,000 $250,000 $31,000 Option 2 Can you tell from these ratios which option should be selected? $570,000 $155,000 $390,000 $57.000 b. Determine which option should be selected using the incremental B/C ratio. Option 3 c. Determine which option should be selected using the B-C for each option. $585,000 $160,000 a. Determine the B/C ratio for: Option 1: Option 2: Option 3: Do all calculations to 5 decimal places and round final answer to 2 decimal places. Tolerance is ± 0.02. $500,000 $86,000
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