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Given Information
Given Information
Given information:
First alternative approach is the construction of a 5-mile long, 20-foot high levee.
Investment cost and upkeep costs are estimated as $25,000,000 and $725,000.
Annual benefit is estimated as $1,500,000.
Second alternative approach is the construction of a 5-mile long, 20-foot high
levee. Investment cost and annual costs are estimated as $15,000,000 and
$375,000.
No benefits are documented.
MARR is given as 8% per annum.
Duration is given as 25 years.