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<br /> 0179 <br />. Economic and Financial Analyses <br /> Table 24. --Interest during construction <br /> ($1,000 except last column) <br /> Plant Annual Accwnu- Interest <br /> Fiscal in expendi- lation '!!:/ 3-1/8'f, <br /> Year service tures ( dollars ) <br /> 1 550 275 8,594 <br /> 2 780 940 29,375 <br /> 3 3,845 3,252 101,625 <br /> 4 8,200 9,275 289,844 <br /> 5 11,400 19,075 596,094 <br /> 6 11,790 30,670 958,438 <br /> 7 9,570 41,350 1,292,188 <br /> 8 55,378 9,243 50,757 1,586,156 <br /> 9 3,600 3,600 1,800 56.250 <br /> Subtotal 58,978 58,978 -0- 4,918,564 <br /> Future development 1,140 1,140 -0- <br /> Invest. costs 1,702 1,702 -0- <br /> Total 61,820 61,820 -0- 4,918,600 EJ <br />. <br /> ~ One-half current year expenditure plus all of previous years' <br /> expenditures minus transfers to plant-in-service in previous <br /> years <br /> E/ Rounded for subsequent use <br /> <br />Benefit-cost Ratios <br /> <br />As shown in table 25 the Narrows Unit has favorable benefit-cost <br />ratios of 1.52 considering direct benefits only and 1.62 considering <br />total benefits. <br /> <br />As is customary in benefit-cost analysis investigations costs, <br />incurred and scheduled through fiscal year 1967, are netted from <br />the project investment because they are sunk costs and, therefore, <br />do not enter into the decision of whether or not to proceed with the <br />development. <br /> <br />The project cost estimate includes $139,000 which represents the <br />incremental costs of relocating and reconstructing State Highway No. 144 <br /> <br />. <br /> <br />88 <br />