Problem
The State Parks Department is considering the purchase of a marsh to form a bird sanctuary. Bird watching is valued at $2 per hour, the state's interest rate is 5%, and perpetual life is assumed. Viewing hours are estimated at 40,000 for the first year, with increases of 4000 per year. What is the EAW for the sanctuary? What fraction of the EAW is due to the expected increases?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.