Reference no: EM131268034
A county park is considering the construction of a small lake by building an earth dam on Stick Rock Creek. The cost of the dam construction would be $1, 150,000, and other improvements would cost $220,000. The county is anticipating that the lake would be used for swimming, boating, fishing, and picnicking and that fees could be charged for these services If ROI of 6% is desired for the investment of taxpayer funds, and the usable life of the park is 25 years, determine the annual net cost of the park. If it is assumed that the dam life is perpetual, and the other improvements have a 25-year life, what is the annual cost?
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Construction of a small lake by building an earth dam
: A county park is considering the construction of a small lake by building an earth dam on Stick Rock Creek. The cost of the dam construction would be $1, 150,000, and other improvements would cost $220,000. If it is assumed that the dam life is perpe..
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