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please use Excel to solve A city is trying to decide whether...

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Finance

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A city is trying to decide whether to build a parking garage. An engineering plan calculates that it takes a year to build at a cost of $2 million and $200,000 per year to operate. An in-depth analysis of operating revenue determines that the garage will start to earn revenues of $500,000 per year in the second year. The city is interested in knowing whether this project will be profitable (BC>1) over the next eight years (counting the year of construction) at 10%. The proj- cct's B/C ratio over the eight-year period is closest to (a) 0.77 (b) 0.87 (c) 1.33 (d) 2.50

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