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In order to improve a certain number of public parks in the city of Los Angeles,...

In order to improve a certain number of public parks in the city of Los Angeles, a proposed 20 year plan has a first cost of $200,000, annual M&O costs of $25,000 .

The Parks & Recreation Management Bureau expects that 30,000 additional people per year will use the improved parks at an average of 3 hours each. The value of such recreation is valued at $1.25 per hour. If i = 6% per year, utilize the B/C ratio analysis to determine if the project is justified or not.

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