A city council is planning to build a new bridge across a creek. This will require an immediate expenditure of $50 000, and an estimated $2 000 a year in maintenance, but will save citizens an estimated $5 000 in travel costs every year over the next twenty years. If the council's MARR is 5%, what is the BCRM for the project?
A)0.75
B)0.83
C)1.25
D)1.34
E)2.00

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The Answer of A city council is planning to build a new bridge across a creek. This will require an immediate expenditure of $50 000, and an estimated $2 000 a year in maintenance, but will save citizens an estimated $5 000 in travel costs every year over the next twenty years. If the council's MARR is 5%, what is the BCRM for the project?
A)0.75
B)0.83
C)1.25
D)1.34
E)2.00

A City Council Is Planning to Build a New Bridge