Proposal for dividing a four-lane highway

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Reference no: EM131810263

A proposal for dividing a four-lane highway is being considered. The cost is $6M for the roadbed, $3M every 15 years for pavement, and $125K every year for maintenance. The time savings to travelers are worth $300K per year. Using the NHTSA standard, how many statistical lives must be saved each year to justify the highway? Assume that i is 5% and N is 60 years. (Answer: .76 lives per year)

Reference no: EM131810263

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