Answer to Question #275854 in Civil and Environmental Engineering for Tagsubss

Question #275854

A road between Fairbanks and Nome, Alaska, will have a most likely construction cost of $4 million per



mile. Doubling this cost is considered to have a probability of 30%, and cutting it by 25% is considered



to have a probability of 10%. The state’s interest rate is 8%, and the road should last 40 years. What is



the probability distribution of the equivalent annual construction cost per mile?

1
Expert's answer
2021-12-15T05:51:03-0500

Net present value is a way of sorting the existing value against the original asset value of all possible retained earnings created by a company.


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