Washington County’s Board of Representatives is considering the construction of a longer runway at the county airport. Currently, the airport can handle only private aircraft and small commuter jets. A new, long runway would enable the airport to handle the midsize jets used on many domestic flights. Data pertinent to the board’s decision appear below.

Cost of acquiring additional land for runway $ 87,000
Cost of runway construction 295,000
Cost of extending perimeter fence 10,724
Cost of runway lights 48,000
Annual cost of maintaining new runway 24,000
Annual incremental revenue from landing fees 65,000

In addition to the preceding data, two other facts are relevant to the decision. First, a longer runway will require a new snowplow, which will cost $195,000. The old snowplow could be sold now for $19,500. The new, larger plow will cost $18,000 more in annual operating costs. Second, the County Board of Representatives believes that the proposed long runway, and the major jet service it will bring to the county, will increase economic activity in the community. The board projects that the increased economic activity will result in $124,000 per year in additional tax revenue for the county. In analyzing the runway proposal, the board has decided to use a 10-year time horizon. The county’s hurdle rate for capital projects is 22 percent. Use Appendix A for your reference. (Use appropriate factor(s) from the tables provided.)

Required:

1. Compute the initial cost of the investment in the long runway.

2. Compute the annual net cost or benefit from the runway.

3-a. Determine the IRR on the proposed long runway. (Round your answer to the nearest whole percent.)

3-b. Should it be built considering IRR?

Consider you are opening a tuition academy near a renounced school within the city of Lahore. Which type(s) of promotional channels would you employ to attract customers and why? (Hint: Not all promotional channels are viable in every situation! (subject entrepreneurship )

Apply the Lagrangian formalism to obtain y(t) for the case of an object falling near the surface of the earth under the influence of gravity alone.

Take the initial velocity to be downward with a speed of v0 and take the initial position to be y0. Let downward be the positive y-direction.

Brush your hair with a plastic comb. Bring the comb close to a small piece of paper. Move a fridge magnet near the comb and then the paper. Do these objects exert forces on one another? Write a one page report describing and explaining your observations.

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2) Do you believe that the current social security program is well managed?

3) What type of means tests would you recommend for social security receipts?

Microorganisms called psychrophiles will grow only at low temperatures (at or near 0°C). This restriction on a microbes growth would most directly impact

a. inoculation

b incubation

c isolation

d inspection

e inspection

f information gathering

g identification