Tempe is considering four mutually exclusive public-works projects. Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected? (Use B-C approach) A B C D
Capital investment $23,000,000 $18,000,000 $31,000,000 $26,000,000
Annual op. and maint. cost 1,800,000 1,200,000 2,100,000 2,000,000
Market value 2,400,000 2,200,000 4,000,000 3,100,000
Annual Benefit 5,000,000 4,500,000 6,500,000 5,800,000