Please answer B/C and B-C
Chapter 04, Problem 036 (Video Solution) The Oklahoma City Zoo has...
Chapter 04, Problem 036 (Video Solution) The Oklahoma City Zoo has proposed adding to their web site a major segment providing a virtual tour of the grounds and animals, suitable for both routine enjoyment and educational purposes in classrooms. Survey data indicate that this will have either a neutral or positive effect upon actual zoo attendance. The Web site will be professionally done and have an initial cost of $305,000. Upkeep, refreshing the videos, and developing videos for scientific research and entertainment will cost another $80,000 per year. The zoo is expected to be in operation for an indefinite period; however, a study period of only 10 years for the Web site is to be assumed, with only a residual (salvage) value of $63,000 for the archival value being anticipated. Interest is 7%. An estimated 90,000 persons will visit the e-zoo in the first year, increasing by 27,500 each year, and they will receive, on the average, an additional $0.70 of benefit per visit when the new area is complete. Click here to access the TVM Factor Table Calculator Step 1 Calculate benefit-cost ratio and benefits minus costs. B/C Round answer to 3 decimal places. The tolerance is + 0.1. B-C s Round answer to nearest whole dollar. The tolerance is + 10. Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.