Business, 09.04.2021 04:30, farhan61

The city council is conducting a cost-benefit analysis for a new bridge. The construction materials for the bridge will cost $80 million. The maintenance costs are estimated at $7 million per year. The hourly wage for construction workers on this project is $19.50 per hour. These workers could have earned $15.50 in other jobs in the community and will spend 0.5 million hours completing the project. The new bridge is expected to save two lives each year, and individuals estimate the value of a life at $9 million on average. It is also expected that drivers will save approximately 225,000 hours of driving time each year. The after-tax return to a firm is 7%, and the firm's tax rate is 50%. What is the first-year benefit

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The city council is conducting a cost-benefit analysis for a new bridge. The construction materials...