Homework Help is Here – Start Your Trial Now!
Engineering
Civil Engineering
Three transportation projects have been proposed to increase the safety in and around a residential neighborhood. Each project consists of upgrading existing street signing to highly retroreflective sheeting to increase visibility. The following table shows the initial construction costs, annual operating costs, useful life of the sheeting, and salvage values for each alternative. Annual Operations and Maintenance Initial Construction Alternative Cost ($) 1 16,000 2 3 7,500 18,000 Costs ($) 2,000 3,750 2,000 Useful Life (years) Salvage Value ($) 10 5 10 6,000 850 7,300 Assume that the discount rate is 10 percent. Calculate the present worth (in dollars) for each alternative. (Assume for Alternative 2 that new sheeting must be purchased at the end of the first five years, and that all operations and maintenance costs are due at the end of each year.) PW1 PW 2 = $25967 Your response differs from the correct answer by more than 10%. Double check your calculations. = $21185.5 x PW 3 = $ 27465.85 Determine the preferred project based on the economic criteria. Alternative 1 Alternative 2 Alternative 3

Three transportation projects have been proposed to increase the safety in and around a residential neighborhood. Each project consists of upgrading existing street signing to highly retroreflective sheeting to increase visibility. The following table shows the initial construction costs, annual operating costs, useful life of the sheeting, and salvage values for each alternative. Annual Operations and Maintenance Initial Construction Alternative Cost ($) 1 16,000 2 3 7,500 18,000 Costs ($) 2,000 3,750 2,000 Useful Life (years) Salvage Value ($) 10 5 10 6,000 850 7,300 Assume that the discount rate is 10 percent. Calculate the present worth (in dollars) for each alternative. (Assume for Alternative 2 that new sheeting must be purchased at the end of the first five years, and that all operations and maintenance costs are due at the end of each year.) PW1 PW 2 = $25967 Your response differs from the correct answer by more than 10%. Double check your calculations. = $21185.5 x PW 3 = $ 27465.85 Determine the preferred project based on the economic criteria. Alternative 1 Alternative 2 Alternative 3

Traffic and Highway Engineering
Traffic and Highway Engineering
5th Edition
ISBN:9781305156241
Author:Garber, Nicholas J.
Publisher:Garber, Nicholas J.
Chapter13: Evaluating Transportation Alternatives
Section: Chapter Questions
Problem 17P
See similar textbooks
icon
Related questions
Question
100%
Three transportation projects have been proposed to increase the safety in and around a residential neighborhood. Each project consists of upgrading existing street signing to highly retroreflective sheeting to increase visibility. The following table shows the initial construction costs, annual operating costs, useful life of the sheeting, and salvage values for each alternative. Annual Operations and Maintenance Initial Construction Alternative Cost ($) 1 16,000 2 3 7,500 18,000 Costs ($) 2,000 3,750 2,000 Useful Life (years) Salvage Value ($) 10 5 10 6,000 850 7,300 Assume that the discount rate is 10 percent. Calculate the present worth (in dollars) for each alternative. (Assume for Alternative 2 that new sheeting must be purchased at the end of the first five years, and that all operations and maintenance costs are due at the end of each year.) PW1 PW 2 = $25967 Your response differs from the correct answer by more than 10%. Double check your calculations. = $21185.5 x PW 3 = $ 27465.85 Determine the preferred project based on the economic criteria. Alternative 1 Alternative 2 Alternative 3
Transcribed Image Text:Three transportation projects have been proposed to increase the safety in and around a residential neighborhood. Each project consists of upgrading existing street signing to highly retroreflective sheeting to increase visibility. The following table shows the initial construction costs, annual operating costs, useful life of the sheeting, and salvage values for each alternative. Annual Operations and Maintenance Initial Construction Alternative Cost ($) 1 16,000 2 3 7,500 18,000 Costs ($) 2,000 3,750 2,000 Useful Life (years) Salvage Value ($) 10 5 10 6,000 850 7,300 Assume that the discount rate is 10 percent. Calculate the present worth (in dollars) for each alternative. (Assume for Alternative 2 that new sheeting must be purchased at the end of the first five years, and that all operations and maintenance costs are due at the end of each year.) PW1 PW 2 = $25967 Your response differs from the correct answer by more than 10%. Double check your calculations. = $21185.5 x PW 3 = $ 27465.85 Determine the preferred project based on the economic criteria. Alternative 1 Alternative 2 Alternative 3
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Traffic and Highway Engineering
Traffic and Highway Engineering
Civil Engineering
ISBN:
9781305156241
Author:
Garber, Nicholas J.
Publisher:
Cengage Learning
Construction Materials, Methods and Techniques (M…
Construction Materials, Methods and Techniques (M…
Civil Engineering
ISBN:
9781305086272
Author:
William P. Spence, Eva Kultermann
Publisher:
Cengage Learning
Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:
9781337399395
Author:
Pratt, David J.
Publisher:
Cengage,
Solid Waste Engineering
Solid Waste Engineering
Civil Engineering
ISBN:
9781305635203
Author:
Worrell, William A.
Publisher:
Cengage Learning,
Engineering Fundamentals: An Introduction to Engi…
Engineering Fundamentals: An Introduction to Engi…
Civil Engineering
ISBN:
9781305084766
Author:
Saeed Moaveni
Publisher:
Cengage Learning
Residential Construction Academy: House Wiring (M…
Residential Construction Academy: House Wiring (M…
Civil Engineering
ISBN:
9781285852225
Author:
Gregory W Fletcher
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS