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<br />.
<br />
<br />.
<br />
<br />.
<br />
<br />.
<br />
<br />214S
<br />
<br />(Bonofit-cost annlysis, Initinl Dovolopment)
<br />
<br />S="'-"'IrY of Closts
<br />
<br />The totnl construction cost ;:;110.471,000, plus the intarost during
<br />construction, 07.545.000, minus tho presont worth of terminal so.lvago
<br />valuo. 03,259,000 o~lnls tho not projoet investnent or 0144,757,000.
<br />TM s figuro (IlJorti zoo. J. t 2..1/2 percent intoroet ovo." 100 YOo.rs boooI:1OS
<br />tho ann~l oquivnlon7 00ft or 03.954,000. Adc;ng tjo adjustod nnnuo.l
<br />opero.tion, reinteno.noeo". rmol roplaeor.Jflnt oost rf :,;1.'169,000 givos a total
<br />annual oquiVlllent Fe(o,."J oost of :;;5,423,000.
<br />
<br />S'_1f.!I.RY OF COSTS ..ID BE!\E?ITS
<br />
<br />Tho tT;;'l.l, o.vorago ,:.",",,,,-,,1 benefits for the ~,.itinl Devoloprnnt Would
<br />a~ount to )11,556,00J, ~~r. tho toto.l o.nnual oSuiv~lvnt oosts would o.vor_
<br />o.ge 05,'123,000. Tho bJr)3'~it-oost ratio, whiol'. ,J]:ow.O the relo.tionship of
<br />theso two fr.ctors, is t:"c-roforo 2.13 to 1.uOn Thl,"" the Initial Devolop_
<br />nont oould be oxpoctod to roturn to the N~tion \n the form of bonefits
<br />02.13 for c~oh dollar roquirod to oonstruct, cFO)'ato, nnd nninto.in that
<br />stago of projoct devolopnont. It should bo net,,,' the. t in tho bonefi ts-
<br />cost ratio, tho o,nnu0.1 benofits for the !:lOst part; rof100t 1939-1944
<br />o...ere.ge prices whilo tho "-nnuo.l vquiva10nt Foc.c1'a1 investment roprosonts
<br />July 19,'17 oosts, If o"nstruction costs o.lso Wore oonputad on tho lnsis
<br />01' 1939~'-'"!'1 ...verago pricos. tho coq;;arison c",~''-(',,'od in tho boncfit-
<br />.,",st ratio would 1:;0 even !:lora fo.vorablo. &'10' '..S o.nd costs aro sun-
<br />,,',rizad in tho following tab100
<br />
<br />16
<br />
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