Three mutually exclusive alternative public-works projects are currently under
consideration. Their respective costs and benefits are included in the table that follows. Each of the projects has a useful life of 50 years, and MARR is 10% per year. Which, if any, of these projects should be selected? Solve by hand and by spreadsheet.
Extracted text: A $8,500,000 Capital investment Annual operating and $10,000,000 $12,000,000 750,000 725,000 700,000 maintenance costs Market value 1,250,000 1,750,000 2,000,000 Annual benefit 2,150,000 2,265,000 2,500,000