The owner of a downtown parking lot has employed a civil engineering consulting firm to advise him on the economic feasibility of constructing an office building on the site. Betty Samuels, a newly hired civil engineer, has been assigned to make the analysis. She has assembled the following data:
![906_constructing an office building on the site.png](https://secure.tutorsglobe.com/CMSImages/906_constructing an office building on the site.png)
The analysis period is to be 15 years. For all alternatives, the property has an estimated resale (salvage) value at the end of 15 years equal to the present total investment.
(a) Construct a choice table for interest rates from 0% to 100%.
(b) If the MARR is 10%, what recommendation should Betty make?