Question 4 & points The Abu Dhabi Municipality has estimated that the initial cost of a park will be AED 2.3 million Annual upkeep costs are estimated at AED120,000 Benefits of AED 340,000 per year and dis-benefits of AED 40,000 per year have also been identified. Using a discount rate of 6% per year, calculate (a) the conventional B/C ratio and (4 Marks) (b) the modified B/C ratio (4 Marks)
