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Unformatted text preview: assumed to be $4 per hour. It is also estimated that the city will save $4000 per year in direct costs related to accidents at the crossing. Engineers have estimated that the overpass would cost $1M and have a useful life of 40 years. The salvage value will be $100,000. Maintenance for the overpass is estimated to cost $5000 more per year than for the grade crossing. If the citys cost of capital is 7% per year, should the city build the overpass?...
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This note was uploaded on 12/07/2011 for the course CIVL 4111 taught by Professor Moore,l during the Fall '08 term at U. Memphis.
- Fall '08