Develop the capital budget plan

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Reference no: EM133674874

Question

Imagine you are a capital budget analyst for the State Department of Corrections in your home state. You are helping develop the capital budget plan for the agency and are tasked with analyzing two options to deal with a growing prison population. You have two options to consider in dealing with this prison population issue: Construct 1,000 new prison beds in an additional wing at the state facility or Contract with a private prison company to rent 1,000 prison beds.

You then have to review the Capital Budget Cost Data resource, which describes both options. And create a recommendation regarding which option you recommend, including in the capital budget, and explain why you recommend this option. The recommendation needs to include: Recommended Option 1 or Option 2 with the rationale behind your decision. Estimated Capital budget costs. A discussion of the benefits and drawbacks of each option, including political considerations. And the short- and long-term cost considerations for both options.

Reference no: EM133674874

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