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OPLEASE DO NOT USE EXCEL!!! Problem 1: A local government is considering promoting tourism...

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Accounting

imageOPLEASE DO NOT USE EXCEL!!!

Problem 1: A local government is considering promoting tourism in the city. It will cost $8,000 to develop a plan. The anticipated annual benefits and costs are as follows: Annual benefits: Increased local income and tax collections Annual support service: Parking lot expansion, rest room, patrol car, and street repair $125,000 $50,000 If the city government uses a discount rate of 8% and a study period of five years, is this tourism project justifiable according to the benefit-cost analysis

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