A city council is planning to build a new bridge across a creek. This will...
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Accounting
A city council is planning to build a new bridge across a creek. This will require an immediate expenditure of $35,000, but will save citizens an estimated $3,500 in travel costs every year over the next twenty years. If the councils MARR is 10%, what is the BenefitCost Ratio (BCR) for the project?
A) 0.15 B) 0.85 C) 1.02 D) 1.19 E ) 2.11
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