Unformatted text preview: present value of the highway’s benefits to the country is $25 billion. It is implied that spending an additional $22 billion on the highway will have no added value to the country. Therefore, if the Clinton administration decided to spend the additional $22 billion on the highway, it would be a total cost of $29 billion. The $29 billion put in to the project minus the $25 billion value of the project, would leave Americans $4 billion worse off....
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This note was uploaded on 10/09/2011 for the course ASTRO 47280 taught by Professor Islam during the Spring '09 term at Ball State.
- Spring '09