Find maximum investment that allowed for dike


A state government is considering construction of a flood control dike having a life span of 18 years. History indicates that a flood occurs every 6 years, on average, and causes $700,000 in damages on each occasion. If the stateuses a MARR of8% per year and expects every public works project to have a benefit-cost ratio of at least 1.0, what is the maximum investment (to the nearestwhole dollar) that will be allowed for the dike?

Request for Solution File

Ask an Expert for Answer!!
Chemistry: Find maximum investment that allowed for dike
Reference No:- TGS0511231

Expected delivery within 24 Hours