ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Bartleby Related Questions Icon

Related questions

Question
Pls help me correctly show full steps and concept
In order to improve evacuation routes out of New Orleans in the event of another major
disaster such as Hurricane Katrina, the Louisiana Department of Transportation (L-DoT) is
planning to construct an additional bridge across the Mississippi River. The department uses
an interest rate of 8% and plans a 50-year life for either bridge. Which design has the better
present worth?
All costs in $M
Land acquisition
Annual O & M
Annual increase
Major Maintenance (Year 25)
Salvage Cost
Initial Construction
Bridge M
$220
2
0.04
185
30
$585
Bridge L
$195
3
0.03
210
27
$470
expand button
Transcribed Image Text:In order to improve evacuation routes out of New Orleans in the event of another major disaster such as Hurricane Katrina, the Louisiana Department of Transportation (L-DoT) is planning to construct an additional bridge across the Mississippi River. The department uses an interest rate of 8% and plans a 50-year life for either bridge. Which design has the better present worth? All costs in $M Land acquisition Annual O & M Annual increase Major Maintenance (Year 25) Salvage Cost Initial Construction Bridge M $220 2 0.04 185 30 $585 Bridge L $195 3 0.03 210 27 $470
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education